Question Description Need help with my Accounting question – I’m studying for my class. 1.Now that the difference between job order and process costing has been established, do you think both types of systems are necessary to accurately reflect the costs of products? Why, or why not? Answer in couple sentences  2.  After reading and reviewing the material about job order and process costing, , I can now see the similarities but differences between the two costing methods.  I believe that both types can be necessary to reflect the cost of products accurately, but depending on a few factors.  The first one being the type of business, industry, product, or manufacturing that needs to be assessed. Tags: job costing job order amalgam costing system small business production costs Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool’s honor code & terms of service.

Question Description

Need help with my Accounting question – I’m studying for my class.

1.Now that the difference between job order and process costing has been established, do you think both types of systems are necessary to accurately reflect the costs of products? Why, or why not? Answer in couple sentences 
2.  After reading and reviewing the material about job order and process costing, , I can now see the similarities but differences between the two costing methods.  I believe that both types can be necessary to reflect the cost of products accurately, but depending on a few factors.  The first one being the type of business, industry, product, or manufacturing that needs to be assessed.

Tags:
job costing

job order

amalgam costing system

small business

production costs

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool’s honor code & terms of service.