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1. Differentiate between job costing and process costing with your own examples. 1. Differentiate between job...

1. Differentiate between job costing and process costing with your own examples.



1. Differentiate between job costing and process costing with your own examples.
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Answer #1

Job order costing :

Job order costing is used by companies where each product produced is different from other. In other words, where each job/product is provided as per customer requirements  

Examples are custom home builders, law firms, custom cloth designers

Process costing :

Process costing is used when a large number of homogeneous products are to be produced by the company

Examples are cookie manufacturing company, paint making company.
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