Compare and Contrastr job costing and process cost

Your CFO needs to decide whether to set up a job order costing system or a process costing system. You plan to meet with her in the morning. Prepare your notes on the following points:

Compare and contrast job order costing and process costing methods.
Give examples of the types of system that work best in different kinds of companies.
Given that you plan to start with only one version of your product, but at some point in the future many offer a variety of options, what kind of system makes sense for your company? Why?
In your own words, please post a response to the Discussion Board and comment on at least 2 other postings. You will be graded on the quality of your postings.

The following rubric will be used for grading:

Grading Rubric

30%

Compare and contrast job order costing and process costing methods.

30%

Give examples of the types of system that work best in different kinds of companies.

30%

15%: What kind of system makes sense for your company?

15%: Why?

10%

Comment on other students' postings.

For assistance with your assignment, please use your text, Web resources, and all course materials.

Unit Materials

Unit 4 Course Materials

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