EEC has introduced a new 1.5 gigabyte (GB) computer memory chip.
Process Vs Job Order Costing
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Determine if the computer chip should be accounted for under
either the a job order costing system or a process costing system. Discuss how the two
systems are different, describe how the selected system would work to track the
costs of the product. Identify the cost driver and explain the process of
tracking the costs. Provide examples of
products that EEC might offer for which a job order costing system and provide
examples of products that EEC might offer for which a process costing system.
MUST BE IN THE BELOW FORMAT 1,750–2,000 words (not including title and
HAVE EACH HEADING FOLLOWED BY REQUIRED INFO
of Costing Systems – Compare
and Contrast the Job Order Cost System and the Process Costing System
Heading: Chosen Method–Discuss
the project, and choose a method (Either job order or process costing) for the project, defend your choice of selection.
Heading: Cost Driver -Define cost driver,
Indentify the potential cost drivers for this project and explain the process
for tracking the costs.
Heading: Examples of Job Order
Products for EEC — Examples of products that would fall under the
job order costing system
Heading: Examples of Process
Costing Products for EEC— Examples of products that would fall
under the process costing system