AC2620: Module 2 C2–CVP Analysis

AC2620: Module 2 C2–CVP Analysis, Process, and Variable Costing

Analysis 2.1

Difference between Job-Order and Process Costing System

1

The following illustration depicts the comparison of job-order and process costing systems.

Source: Jiambalvo, J. (2013). Managerial accounting (5th ed.). Hoboken, NJ: Wiley.

Analyze this illustration and answer the following:

 Explain the difference between job-order and process costing system?

 Describe how products flow through departments and how costs flow through accounts?

Submission Requirements:

 Submit your answer in a Microsoft Word document in 400 words.

Evaluation Criteria:

Your submission will be evaluated using the analysis rubric.