Question

Advantages and disadvantages of job and process costing on

Answer 1

Answer:

Production cost errors often represent a significant disadvantage for cost accounting systems. Process costing does not use direct allocation to apply business costs to individual goods. ... Under-costed products usually result in lower business profits because goods are actually more expensive than actually reported.

Answer 2

Job order costing also gives managers the advantage of being able to keep track of individuals' and teams' performance in terms of cost-control, efficiency and productivity. A disadvantage of job order costing is that employees are required to track all materials and labor used during the job.