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Compare job order and process costing methods

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Reference no: EM133136544

Think about a company you know. This could be a current or past employer or a company you admire. Consider its business activities and the type of products and services offered. Based on what you have learned so far, write a short paper that reflects on the different costing methods and speculates on how they might apply to your selected company.

Company Overview: Identify the company you selected and provide a brief overview of its business.

Is it a manufacturing, merchandising, or service organization?

Costing Methods: Compare the job order and process costing methods, and explain how each of these can be applied to the company.

How could the costs differ if one method is chosen over the other?

Factory Overhead: Outline possible indirect or overhead costs the company may need to account for, and identify the type of costing the company might use for these costs.

If the company decides to use activity-based costing (ABC), what are some activity bases (cost drivers) it might use to allocate these costs?

Reference no: EM133136544

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