How does process costing differ under normal or actual cost

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Q. 1) Illustrate what are the major differences between job-order costing and process costing systems? Give an example of a well-known industry that might use job-order costing and an example of a well-known industry that might use process costing. Explain why you have chosen these companies and do not choose companies that your classmates have already commented upon. Participate in follow-up discussion by critiquing your classmates' choices of companies. Your initial post should be approximately 250-500 words and cite at least one reference used in preparing your response. All posts should be grammatically correct and proofread for spelling.

2.) Equivalent units are a key concept in process costing. Illustrate what is meant by the term Equivalent units and Explain how it is used in process costing. Also, Explain how does process costing differ under normal or actual costing?

Reference no: EM1399176

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