|Product Costs Discussion 1|
In Chapter 3, you were introduced to three types of costs associated with a manufactured product – direct materials, direct labor, and manufacturing overhead. Explain how these costs are associated with the manufactured product. Why are some of these costs allocated to the product through costing methods such as job order costing or process costing? As part of your response, please read the article First Solar preview: Manufacturing costs, project order book in the spotlight (Links to an external site.) and provide a specific example of this company’s manufacturing costs.
|Job Order Costing vs. Process Costing Discussion 2|
Explain the similarities and differences between job order costing and process costing. In your explanation, provide examples of when job order costing and process costing would be most appropriate. Your initial post should be 200 to 250 words.
Schneider, A. (2017). Managerial Accounting: Decision making for the service and manufacturing sectors (2nd ed.) [Electronic version]. Retrieved from https://content.ashford.edu/
- Chapter 3: Process Costing
- Chapter 4: Activity-Based Costing and Just-In-Time Costing
Trefis Team. (2014, February 24). First Solar preview: Manufacturing costs, project order book in the spotlight (Links to an external site.). Retrieved from http://www.forbes.com/sites/greatspeculations/2014/02/24/first-solar-preview-manufacturing-costs-project-order-book-in-the-spotlight/
Crosson, S. (2007). Job Order Costing – 1 job & process (Links to an external site.) [Video file]. Retrieved from http://www.youtube.com/watch?v=9UUydo7aMxU TED