Would R.S. Owens, the manufacturer of Oscar statues, use job costing or process costing? Original blog posting (March 21, 2014)

R.S. Owens, a company in Chicago, produces the “Oscars” statues Officially named the “Academy Award of Merit” Weigh 8.5 pounds Take three to four weeks to manufacture

Video of how Oscars are made http://money.cnn.com/video/news/2014/02/28/ho w-an-oscar-is-made.cnnmoney/index.html

Question Would R.S. Owens use job costing or process costing for its Oscar production?  Why?

For additional news stories to use in the accounting classroom, see the Accounting in the Headlines blog at http://accountingintheheadlines.com/ Related video resources can be found at http://www.youtube.com/user/accountingheadlines Questions or comments? Contact Dr. Wendy Tietz at wtietz@kent.edu