Explore BrainMass

Explore BrainMass

    Costing Systems: Job Order VS Process Cost

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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

    Solution Preview

    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 ...

    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.