Purchase Solution

Can job-costing system or process-costing system be used?

Not what you're looking for?

Ask Custom Question

Can a cost analyst use either job-costing system or process-costing system for the same type of production process? Why?

Purchase this Solution
Solution Summary

Your tutorial is 213 words plus one reference and explains why job costing must be used in some production processes and process costing in others. It explains why they are not interchangeable.

Solution Preview

No, a cost analyst may not use either job-costing system or process-costing system for the same type of production process.

Job costing is used for when products are not all the same and so you need a separate accounting for the costs of the different products and jobs. Imagine that you build houses. You keep track of the costs in each house as you ...

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
Recent Feedback
  • "hey just wanted to know if you used 0% for the risk free rate and if you didn't if you could adjust it please and thank you "
  • "Thank, this is more clear to me now."
  • "Awesome job! "
  • "ty"
  • "Great Analysis, thank you so much"
Purchase this Solution
Free BrainMass Quizzes
Learning Lean

This quiz will help you understand the basic concepts of Lean.

Operations Management

This quiz tests a student's knowledge about Operations Management

Introduction to Finance

This quiz test introductory finance topics.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

View More Free Quizzes
Related BrainMass Solutions

  • job-costing system, process costing & job-order system

    Job order costing is used when there are special models/orders to be executed or when there are factors that differentiate products.

  • Cost Accumulation to get a Project Started

    416073 Cost Accumulation to get a Project Started Can you help me get started with this project? When are companies likely to use a job costing system or process costing system?

  • Doc Gibbs has prepared the following list of statements about process cost accounting.

    In a process cost system, only one work in process account is used. Likely true. You only need one because they can all receive the same cost -- no need to separate them.

  • Job Order Costing

    84161 Job Order Costing Problem Under what conditions would you choose a job-costing system and under what conditions would you choose a process-costing system? Give some examples of products that would be costed under each method.

  • Job Order and Process Costing

    ., job order costing system or process costing system, it is requisite to gain knowledge about general meaning of costing system.

  • costing

    332719 Compare job order costing to process costing method Consider the following scenario: Your CFO, in her initial work, needs to decide whether to set up a job order costing system or a process type costing system.

  • Process Cost Accounting for Doc Gibbs: Identify each stateme

    Costs flow through the accounts in the same basic way for both job order costing and process costing. 8. In a process cost system, only one work in process account is used. 9.

  • A management of a company that manufactures cereal is trying

    A management of a company that manufactures cereal is trying to decide whether to install job-order or process costing system. What is your advice? Explain. My advice would be to use a process costing system.

  • Job costing,Process costing,operations costing

    Examples where operations costing can be used: Shoes manufacturing, manufacture of semi conductors, textiles, clothing. Process costing means the computation of the costs of the product by accumulating the cost of each process.

View More Related Solutions