Operation Costing Is a Hybrid Type of Accounting System That

Operation costing is a hybrid type of accounting system that combines features of job-order and process-cost accounting.
Required:
A.Briefly discuss the similarities and differences of an operation-costing system and a job-order cost system.
A.Similarities: Materials are unique to the individual batches or products being produced in both systems.The cost,therefore,is assigned by batch as in job costing.Differences: Processing and the incurrence of conversion costs is the same for each batch in operation costing.In job costing the different batches of product incur different processing steps.
B.Briefly discuss the similarities and differences of an operation-costing system and a process-cost system.
B.Similarities: Batches of products go through essentially the same manufacturing processes in both systems.Conversion costs can be assigned in a manner similar to that used in process-costing systems.Differences: Each batch of product in an operation-costing system uses different direct materials.In a process system,the direct materials are the same.