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|  |  |  |  | Financial & Managerial Accounting , 2002 Edition
Belverd E. Needles, Jr., DePaul University Marian Powers, Northwestern University Susan Crosson, Santa Fe Community College
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 |  | Learning Objectives
Chapter 17: Costing Systems: Job Order Costing
- Discuss the role information about costs plays in the management cycle and explain why product unit cost is important.
- Distinguish between the different types of product costing systems and identify the information each provides.
- Explain the cost flow in a job order costing system for a manufacturing company.
- Prepare a job order cost card and compute a job order's product unit cost.
- Apply job order costing to a service organization.
- Distinguish between job order costing and project costing.
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