Different costing methods provide companies with different options for categorizing and calculating costs. Managers and cost accountants should
understand the differences between costing methods so that they can choose and properly implement the method that best suits their needs for decision
For this short paper, you will compare the characteristics of job costing and process costing methods and give examples of when and why each might be
used. You will also address the use and benefits of costing for service businesses.
Prompt: Review Chapter 4 in the textbook and the Job Order Costing vs. Process Costing video to support your work on this short paper. Specifically, the
following critical elements must be addressed: