Produces custom goods and uses job costing

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Reference no: EM131261529

Bennett Body Company

This case focuses on the difference between a business that produces a standard good (and uses standard costing) and on that produces custom goods and uses job costing. Although numbers are included in this case, they are there to help illustrate the effect of changing the system. Your options for this case are:

Keep the existing system used by Bennett Body Company

Change to a standard costing system used by Conley

Use a hybrid form of costing that utilizes both standard and job costing features

There are many correct answers to this case; however, all involve giving specific examples to justify which accounting method you prefer. In addition, if there are clear reasons why one of the systems should not be used, explain what they are.

Reference no: EM131261529

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