What are the major differences between job-order costing and process-costing systems? Give an example of a well-known company that might use job-order costing, and an example of a well-known company that might use process costing. Compare the two costing methods with your selected companies to demonstrate you understand the difference between the two costing methods. Include discussion as to why these companies were chosen. Prepare a 250 – 500 word page summary.
How has your understanding of the major differences between job-order costing and process-costing systems improved after working the exercise and problems? Prepare a 250 word summary.
Use APA style for citations and references.
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