Argument for using a job-costing system

Assignment Help Accounting Basics

Reference no: EM13762570

Discussion 1

Evaluate and discuss the job-costing steps for a CPA firm using a job-cost system. Indicate the benefits to the firm.
Compare the job-cost system used by a CPA firm with the job-cost system used by a construction company building houses. Suggest what you believe to be the most significant differences in the job-cost system used by the CPA firm and the job-cost system used by the construction company.

Discussion 2

Create an argument for using a job-costing system, given the ability to compare actual costs with estimates or budgeted amounts during the manufacturing process or duration of a project on management decisions. Provide a specific example of one benefit in your discussion.
Recommend the best approach for the recognition of a difference in the budgeted indirect cost and actual cost at the end of the accounting period. Support the method chosen for allocation over alternative methods available for the allocation.

Reference no: EM13762570

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