
Concept explainers
What is the difference between job order and

Concept introduction:
Job order costing:
Job order costing is applied to the businesses which manufactured the product or provide the services according to the client’s order. As its names suggest, Job order costing is donefor a particular job.
Process Costing System:
Process costing system is the branch of cost accounting which is applied where production of a product takes a range of processes tocomplete for example the production of shoes from leather goes through cutting, stitching and policing.
To indicate:
The difference between the job order costing and process costing.
Answer to Problem 1Q
The difference between the job order costing and Process costing is as follows:
Job order costing is applied to the businesses which manufactured the product or provide the services according to the client’s order. Process costing system is the branch of cost accounting which is applied where production of a product takesa range of processes to complete for example the production of shoes from leather goes through cutting, stitching and policing.
Explanation of Solution
Job order costing is applied to the businesses which manufactured the product or provide services according to order. As its names suggest, Job order costing is done for a particular job.
Process costing system is the branch of cost accounting which is applied where production of a product takes more than one processes to complete for example the production of shoes from leather goes through cutting, stitching and policing.
Want to see more full solutions like this?
Chapter 2 Solutions
Managerial Accounting
- Internal control in a business organization and the reporting of cash on the balance sheet as well as managing receivables and estimating uncollectible accounts is important. What is internal control, and what are the objectives of a well-designed internal control structure in an organization?arrow_forwardCan you please solve this accounting problem?arrow_forwardPlease need answer the general accounting questionarrow_forward
- I need help with this general accounting question using standard accounting techniques.arrow_forwardCan you help me solve this general accounting problem with the correct methodology?arrow_forwardI am trying to find the accurate solution to this general accounting problem with appropriate explanations.arrow_forward
- Principles of Accounting Volume 2AccountingISBN:9781947172609Author:OpenStaxPublisher:OpenStax CollegeCornerstones of Cost Management (Cornerstones Ser...AccountingISBN:9781305970663Author:Don R. Hansen, Maryanne M. MowenPublisher:Cengage LearningManagerial Accounting: The Cornerstone of Busines...AccountingISBN:9781337115773Author:Maryanne M. Mowen, Don R. Hansen, Dan L. HeitgerPublisher:Cengage Learning
- Principles of Cost AccountingAccountingISBN:9781305087408Author:Edward J. Vanderbeck, Maria R. MitchellPublisher:Cengage LearningManagerial AccountingAccountingISBN:9781337912020Author:Carl Warren, Ph.d. Cma William B. TaylerPublisher:South-Western College PubSurvey of Accounting (Accounting I)AccountingISBN:9781305961883Author:Carl WarrenPublisher:Cengage Learning




