Cost management HM cost 3e CLE ch05
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CHAPTER 5
Product and Service Costing: Job-Order System
COLLABORATIVE LEARNING EXERCISE
OBJECTIVES 1, 2, 4
Use “think-pair-share” to work on this exercise. First, read the following exercise. Then, take
one to two minutes to think of your answers. Pair with another student to discuss your
answers. Finally, be prepared to share your responses with the rest of the class.
Name a product and a service you have purchased that you believe was accounted for using
job-order costing. Explain why you think so. Then, think how that product and service can be
transformed such that process costing would be appropriate.
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