For this week’s reflection, please write three complete and well-composed paragraphs (in your own words) in which you use, as an example, a company that operates in Grenada West Indies

Part 1

For this week’s reflection, please write three complete and well-composed paragraphs (in your own words) in which you use, as an example, a company that operates in Grenada West Indies. The company you select as an example must be a company that manufactures a product, not a service or merchandising company. Describe what product it makes and whether you think it uses the job-order or process costing method. You don’t have to actually know for certain, but write what you think they use, and explain why you think they use that type of costing method.

Part 2

see attached file to answer this paAlaska Launch, a private-sector aerospace company, provided the following aggregated data for satellite construction jobs during a recent period:

Direct materials

$13,442,769

Direct labor

21,889,554

Applied (and actual) factory overhead

8,223,454

Beginning work in process

14,550,098

Ending work in process

17,559,000

Satellites are usually constructed to specific customer specifications, and the contract selling price is 125% of cost.
Assuming that the above costs are attributable to several different satellites in various stages of production, how would the cost of direct materials, direct labor, and overhead be tracked to specific jobs? How important is the job costing system in establishing a fair selling price for each satellite? rt.

 

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