Explain Major Difference between job and process costing. Determine key amounts related to a job order costing system.

DISCUSSION ESSAY

2.2 Action Required:

Use the following link to access the material for this week

• https://www.academia.edu/38895279/Cost_classification_overhead_costs_allocation_and_apportionment_Chapter_2

Chapter 2

Videos

Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below:

2.3 Test your Knowledge (Question):

• Explain Major Difference between job and process costing
• Determine key amounts related to a job order costing system.

3.2 Action Required:

Read the following to prepare for this week:

Chapter 3

3.3 Test your Knowledge (Question):

1. Use a numerical example to Compute key amounts related to an activity-based costing system.
2. Explain product costs under activity-based costing and conventional costing methods.