Discussion #2 - Job Order vs Process Costing This week's discussion is centered around Job Order Costing and Process Costing. After you have gone over the Comparison of Job Order versus Process Costing, please do the following: 1. Determine whether your product is better suited to Job Order Costing or Process Costing. Describe the factors that made you decide one way or the other,and then address either Topic #2 or Topic #3 below, as appropriate. 2. If you believe that Job Order Costing better fits your product, address the following: How would adopting a Job Order Costing system benefit the managers responsible for the production of this product? List two specific decisions you think a Job Order Costing system could help these managers make. List three direct costs that would go into making this product. What cost object would each direct cost be tied to, and how would you suggest it be measured? List three indirect costs involved in making the product. What cost driver / allocation base you would use, and why? 3. If you believe that Process Costing better fits your product, address the following: How would adopting a Process Costing system benefit the managers responsible for the production of this product? List two specific decisions you think a Process Costing system could help these managers make. Identify and describe two or three processes involved in making this product. For each, describe the direct materials used and at least one conversion cost associated with the process. Explain how managers would be able to estimate the cost of the units being processed at a given point in time. 4. For your response to another student this week, if your product is a Job Order product, answer the questions in #3 about someone else's Process Costing product. If your product is a Process Costing product, answer the questions in #2 about someone else's Job Order product