Problem 1. One of your co-workers says, "I don't know why we spent so much money on this new job-costing system. I can do everything we need on an Excel spreadsheet. If the CFO had listened to me, we could have saved a ton of money." Is your co-worker right? Can a simple spreadsheet take the place of a job-costing system? Explain.
Problem 2. What type of company would use a process costing system? What about a job-order costing system? Provide two examples for each type. Why does it matter which system is used?