Wilson- West Manufractuing company is trying to determine which costing method to implement in its new manufracturing plant.
The CFO, Mr. Smith asked you,his new, managerial accountant to explain the three following cost systems 1. activity based costing. 2. Job order costing 3. Process costing. Create a 1-2 page table comparing the following for each three costing systems: What are the 3 characters of the system? Give 2 examples of a product or service that would be accounted for by each system. Explain why you choose this product or service as your example. Decsribe 2-3 disadvantages of each system.
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