Question - Job Costing vs process costing
In this discussion we analyze job order costing versus process costing. To do this please create a response that discusses:
What type of companies can use job order costing or process costing?
- Please respond by identifying types of companies who uses each. Some companies use a hybrid costing system, which includes a combination of job order and processing costing.
- Also, identify a type of company which can benefit from the hybrid system? (Hint: you may have to Google this one but please make sure you cite your source).
- Next, identify the advantages and disadvantages of each method.
- Finally, discuss the impact of "dumping" in global markets by U.S. firms. How does the practice of dumping impact a company's financial statements?
Please post a 100-150 word response, and respond to two other people's postings. It is expected that you participate at least three different days each week.