Select your language

Suggested languages for you:
Log In Start studying!
Answers without the blur. Just sign up for free and you're in → Illustration

Q3RQ

Expert-verified
Horngren'S Financial And Managerial Accounting
Found in: Page 1006

Short Answer

Question: What are the primary differences between job order costing systems and process costing systems?

Answer:

The primary difference between the job order costing system and the process costing is:

In job costing, cost is calculated for each job and in process costing, the cost is calculated for the complete production at different process stage.

See the step by step solution

Step by Step Solution

Step 1: Job costing system

The job costing system is used when the company calculate the cost of each job on different jobs basis.

Step 2: Process costing system

The process costing system is used by the companies when the similar product is manufactured through various processing system. It helps in calculating the cost at each processing stage.

Most popular questions for Business-studies Textbooks

Icon

Want to see more solutions like these?

Sign up for free to discover our expert answers
Get Started - It’s free

Recommended explanations on Business-studies Textbooks

94% of StudySmarter users get better grades.

Sign up for free
94% of StudySmarter users get better grades.