Job-order costong vs Process costing

Jun 7th, 2014
Steve1995
Category:
Accounting
Price: $40 USD

Question description

EEC has introduced a new 1.5 gigabyte (GB) computer memory chip.

  • Should EEC use a job-order costing system, which is a costing system where costs are collected and assigned to units of production for each individual job, or a process costing system, which is a costing system that accumulates production costs by process or department for a given period of time, to report the costs of this new product?
    • How are the systems different?
  • Describe how the selected system would work to track the costs of the product.
  • Identify the cost driver, and explain the process of tracking the costs.
  • Provide examples of products that EEC might offer for which a job-order costing system would be appropriate.
  • Provide examples of products that EEC might offer for which a process costing system would be appropriate.

Length 1000

APA Format with in-text citatio

Tutor Answer

(Top Tutor) Daniel C.
(997)
School: University of Maryland
PREMIUM TUTOR

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
pmallory
Dec 6th, 2016
" Totally impressed with results!! :-) "
mixedballz
Nov 27th, 2016
" excellent work as always thanks for the help "
Five Star Tutor
Nov 23rd, 2016
" Outstanding Job!!!! "
kiln82
Nov 13th, 2016
" awesome work thanks "
darnay
Nov 4th, 2016
" The best tutor out there!!!! "
likeplum4
Oct 31st, 2016
" Excellent work as usual "
kpcutie
Oct 8th, 2016
" Excellent job "
Joemoe
Sep 29th, 2016
" <3 it, thanks for saving me time. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1830 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors