Managerial Accounting

Managerial Accounting

Introduction

Compare and contrast job order costing to process costing method.

Job process counting and order costing are both similar to one another in this way that both of them are a combination of overheard, labor and materials during the creation of the product. The pair of these systems also provide a means for the computation of unit product cost. Both the job order and process, additionally use basic manufacturing accountants. Also in the end, “the flow of costs through the manufacturing accounts” is also alike for both the processes' cost. In spite of these similarlities in both the systems, ...