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#1Perform an Internet search using the term, process costing, and locate an article (lessthan five years old) from the results of your search. After reading the article, provide aposting of less than 150 words that summarizes and comments on the article. (Yourposting should provide the appropriate citation(s). If necessary, you may wish to refer tothe following website, which includes information about citations:http://www.cod.edu/library/research/citenet.htm.)Point Deductions

• No credit will be available for postings after the assessment due date;

• Ten points will be deducted for submissions that exceed 150 words;

• Twenty points will be deducted for postings without citations; and

• Ten points will be deducted for submissions that reflect an article identical to thatof another student.

#2 Provide a meaningful response of less than 75 words to the posting below.Postings such as “good point” and “I agree” are not considered meaningful.

Point Deductions

• No credit will be available for postings after the assessment due date;

• Ten points will be deducted for submissions that exceed 75 words;

• Ten points will be deducted for submissions that reflect an article identical to thatof another student.

Managerial Accounting, 14th edition; Garrison, Noreen, Brewer; McGraw Hill Irwin; 2012.

Student's post (comment on this too): Jenny Clavero brings in her article what is the difference between process costing and job costing. She explains to us that companies adopt process costing when they need to assign product costs to units of output. Cost accounting helps managers determine the costs of running a business by recording costs of materials, processes, and projects therefore analyzing trends on costs of production and overhead along with revenue helps management make informed decisions on how to improve, scale, or grow effectively. Cost accounting utilizes either job costing, process costing, or a hybrid of both. Process costing is very easy to track versus the detailed record keeping in job costing. In job costing, companies can track profit on specific jobs to determine which types of projects are most profitable. They may choose to specialize in hospitality projects to maintain higher profit margins throughout all projects.

Clavero, Jenny. “Process Costing vs. Job Costing.” ESUB Construction Software, 20 Oct. 2017, esub.com/process-costing-versus-job-costing/.