BUSACC 0040 Chapter Notes - Chapter 4: Potato Chip, Paper Towel, Scott Paper Company
12 Feb 2018
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Kellogg"s (breakfast cereals: sometimes used in companies with assembly operations, may also be used in utilities that produce gas, water, and electricity. Comparison of job-order and process costing: similarities between job-order and process costing, 1. Both systems have the same basic purposes to assign material, labor, and moh costs to products and to provide a mechanism for computing unit product costs: 2. Both systems use the same basic manufacturing accounts, including moh, raw materials, wip, and finished goods: 3. The flow of costs through the manufacturing accounts is basically the same in both systems: differences between job-order and process costing. The activity in the processing department is performed uniformly on all of the units passing through it: 2. The output of the processing department is homogenous; all the units produced are identical: products in a process costing environment, such as bricks, or potato chips, typically flow in sequence from one department to another.
