Discuss how the accountant can use job order costing

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Question: Job order costing creates a process to fully identify the costs of a project (job) in every detail. Discuss why job order costing is a valuable tool to help analyze costs and properly analyze each component of costs. From making a major movie to producing an airplane the details of costs are critical. Discuss how the accountant can use job order costing during the production cycle and why it is critical to closely manage cost flow from the manufacturing cost to work-in-process to finished goods. Explain why a cost like factory labor could be hard to assign when the factory has many projects underway at any given time. Provide examples in your discussion.

Reference no: EM133506332

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