Managerial Accounting, 2002 Edition
Belverd E. Needles, Jr., DePaul University Marian Powers, Northwestern University Susan Crosson, Santa Fe Community College
Chapter Summaries
Chapter 3: Cost Systems: Job Order Costing
Chapter 3 provides a discussion of job order costing. It explains how this cost-based system fits into the management cycle and is different from a process costing system. The chapter goes on to illustrate how job order costing functions in a manufacturing environment and in a service organization. The chapter concludes by illustrating the differences between job order and process costing systems.