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Author Question: Which of the following is a difference between job order costing and process costing systems? (Read 111 times)

jrobl3

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Which of the following is a difference between job order costing and process costing systems?
◦ Companies that use a process costing system accumulate product costs throughout the production process, while companies that use a job order costing system accumulate product costs only at the end of the production process.
◦ Companies that use a process costing system accumulate direct material and direct labor, and omit manufacturing overhead, while companies that use a job order costing system accumulate direct material, direct labor, and manufacturing overhead.
◦ A process costing system is appropriate for a winery, while a job order costing system is appropriate for a brewery.
◦ Companies that use a process costing system accumulate product costs on a departmental production report, while companies that use a job order costing system accumulate product costs on the job cost sheet.


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Marked as best answer by jrobl3 on Feb 5, 2023

xinyifff

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jrobl3

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it


AngeliqueG

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Reply 3 on: Yesterday
:D TYSM

 

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