Question
Managerial Accounting In-Class Project Choose a product or service that would use job order costing and that you are familiar with. (Some examples include: landscaping
Managerial Accounting In-Class Project Choose a product or service that would use job order costing and that you are familiar with. (Some examples include: landscaping project, bathroom remodel project, repainting a room in your house, custom built doghouse, custom wedding dress, etc.) You will represent the company who is providing this product or service to your customer. Part I If you are working with another person, ask these questions. If you are working on this independently, answer for yourself. 1) What is the product/service you are interested in purchasing? 2) How much are you willing to pay for this product/service? Part II Write out the process to manufacture the product/provide the service to the customer. Be detailed so you include all materials needed and the length of time and number of people required. Part III Complete a job cost sheet for the job. Look up costs for the materials online or estimate what they are. Estimate your labor cost. Allocate overhead costs at 150% of the direct labor cost. Part IV Reflect on this process. Why does job costing make sense for this product or service?
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