Please help with the following problem.
Identify which costing system (job order or process cost) the following companies would primarily use: (a) Quaker Oats, (b) Ford Motor Company, (c) Kinko's Print Shop, and (d) Warner Bros. Motion Pictures.© BrainMass Inc. brainmass.com March 5, 2021, 12:13 am ad1c9bdddf
Identify which costing system?job order or process cost? The following companies would primarily use:
As per wisegeek.com, "Job costing is the process of determining the labor and materials cost for each job in a systematic way, and then using this information to create a quote for the customer." Thus job costing is a method of costing where for each job the cost is ascertained. This is because each job is different in nature and hence separate quote is required. Job here ...
This solution helps with a question involving costing systems that compares job order and process costs. The following companies: Quaker Oats, Ford Motor Company, Kinko's Print Shop and Warner Brothers' Motion Pictures are discussed in the solution. The explanation is given in 279 words with three references.