Costing Systems: Job Order VS Process Cost
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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.
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Solution Summary
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.
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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 ...
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