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As the owner of Wildcat Pizza, April Longmeadow is trying to figure out exactly how much it costs her company to make each type of

As the owner of Wildcat Pizza, April Longmeadow is trying to figure out exactly how much it costs her company to make each type of pizza that it sells directly to customers. April also owns Longmeadow Bakery, which makes all the dough that Wildcat uses to make its pizza, and she knows that each 16-inch pizza uses 14 oz. of dough; however, she has no idea how much it costs Longmeadow Bakery to make 14 oz. of dough. After discussing these questions with her best friend, Madelyn, she learns that a few different ways of assigning costs to products or services exist and April is determined to learn more about costing methods. Please differentiate between job costing and process costing and explain how a job costing system works. How is job costing different in a service organization? Give five examples of manufacturing overhead costs and explain why they are considered indirect costs? What is the predetermined overhead allocation rate? Provide some examples of an allocation base. Explain how manufacturing overhead is allocated to jobs. Why is manufacturing overhead applied to products when product costs are used in making pricing decisions. Discuss the benefits of using a predetermined overhead rate instead of an actual overhead rate. Discuss one advantage and one disadvantage of prorating over-applied or under-applied overhead

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