Discussion Post: Mangieral Accounting
Costing systems provide information that is used for a large variety of business decisions including planning production of goods and services, pricing products, and controlling associated costs of production. Thus, the choice of an appropriate costing system is a key underlying foundation for good decision making.
• In what type of situation would a company use multiple cost accounting systems?
• What factors should a company take into consideration in deciding whether to use job order costing or process costing?
• Describe two products or services that might use both process and job order costing methods to determine the cost of a finished unit.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.