Discussion 2.1: Job Order
Utilizing an organization/company that you are familiar with, identify how job-order costing systems could be used to track direct materials, direct labor, and factory overhead. As a manager, you receive an accounting of the final costs for the product and notice applied factory overhead was significantly less than factory overhead incurred. What are some of the factors that might have caused this difference between incurred and applied factory overhead? What measures would you propose to control this variance? Support your answer with credible sources. Cite your sources using proper APA format (both in-text and reference entries).
Discussion 2.2: Activity Based Costing
Using the organization/company that you work for or a situation that you are familiar with â€“ Discuss how Activity Based Costing could be used as a tool to evaluate and manage costs. Do you think that ABC is the best way or is there another way to evaluate/manage costs? Support your answer with credible sources. Cite your sources using proper APA format (both in-text and reference entries).