Please complete the following from the textbook
- Case 19.1 Bennett Body Company
This case focuses on the difference between a business that produces a standard good (and uses standard costing) and on that produces custom goods and uses job costing. Although numbers are included in this case, they are their to help illustrate the effect of changing the system.Your options for this case are:
- Keep the existing system used by Bennett Body Company
- Change to a standard costing system used by Conley
- Use a hybrid form of costing that utilizes both standard and job costing features
There are many correct answers to this case; however, all involve giving specific examples to justify which accounting method you prefer. In addition, if there are clear reasons why one of the systems should not be used, explain what they are.
Please submit your completed assignment as a word document by clicking on the assignment link to access assignment dropbox.
Do not respond with a question and answer format; however, you can use the questions at the end of the case as a guide.