Define job costing. When and why is it used? ( in Managerial Accounting )

how does standard costing system helps managers to make decisions

Define the term traditional cost accounting.

Job costing is defined by cost accumulation and cost measurement that support the strategic role of costing and cost flows. Managing costs is a main duty of a cost accountant. Discuss how the concepts of cost accumulation and cost measurement apply to direct, indirect, and manufacturing overhead costs when using job costing. Include an example of your thinking.

What is Job-Order Costing, and how is it similar and different from Process Costing?

Think about a service you have been involved with and describe how job-costing might be implemented by that service provider, including overhead and stating where costs would fall.

How does job costing and process costing impact a business environment's performance and the bottomline?

Why might a company choose a process costing system over a job order costing system? How are the two systems similar, and how are they different?

What is Activity Based Costing (ABC) and how is it different from Job Order Costing and Process Costing?

Describe the purpose of managerial accounting.