Discussion: Cost Estimation and Profit Planning · Submit a thread of 400

Discussion: Cost Estimation and Profit
Planning
·
Submit
a thread of 400-650 words directly addressing the discussion question below.
·
Pay
very close attention to your APA Formatting as you will lose points for every
error! Refer to the APA website’s guide if necessary. Don’t forget the running head.
·
synthesize
course material and demonstrate critical thinking, above average writing
skills, and reflection.
·
Cite
the textbooks and scholarly articles from professional accounting and business
journals.
·
Use
at least 2 journal articles for the discussions
+ textbook + biblical integration = 4 total sources.
·
Include
Biblical integration in response to each question posed and in the analysis of
each peer’s post
Opinion
is worth little unless it is supported by quotes and/or paraphrases from the
textbooks and professional journals.
Discussion Question:
1. When are companies likely to use a job
costing system or process costing system?
2. Describe the specific characteristics of
each costing system.
3. Provide at least 2 examples from companies
in your community for each system (at least 4 companies should be described). (Please use the companies listed below)
Job Costing Examples of local companies:
1. B&D Construction Services
2. Sir Speedy Printers
Process Costing Examples of local companies:
3. Graphic Packaging Paper Mill
4. Louisiana Plastics Industries
Possible Textbook quote:
“Costing is the process of accumulating, classifying, and
assigning direct materials, direct labor, and factory overhead costs to
products, services, or projects.”
Blocher, E. J., Juras, P. E., &
Smith, S. D. (2022). Cost management: A strategic emphasis. McGraw-Hill.

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