Grantham BA225 Managerial Accounting — discussions, assignments, and final exam are available.

The entire course discussions, assignments, and final exam are available.

 

For Example:

Discussion 3

 

What is the difference between operations costing and a process costing system?

 

Operating costing and Process costing are two common methods for determining unit product costs. Both systems have the same basic purpose – to assign material, labor, and manufacturing overhead costs to products and provide a mechanism for computing unit product costs.

 

Operating costs are the expenses which are related to the operation of a business, or to the operation of a piece of equipment or manufacturing plant.

 

Process costing is used in companies that produce many units of a single product for long periods.