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This question was answered on May 14, 2011. View the Answer
Job Order and Process Costing Systems

1. Why is cost accumulation simpler in a process costing system than it is in a job-order costing system?

Why aren't actual overhead costs traced to jobs just as direct materials and direct labor costs are traced to jobs?

2. Why do companies use a predetermined overhead rate rather than actual overhead costs to apply overhead to jobs?
Would a company ever use both type of systems?

Your thoughts? Anyone?
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PFA solution. [In case, if any clarification is required over this solution, please revert back within 14 days from now.] View the full answer





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