Founded in 1970,Parle x Corporationis a world leader in the design and manufacture of flexible interconnect products. Utilizing proprietary and patented technologies, Parle x produces custom flexible interconnects including flexible circuits, polymer thick film, laminated cables, and value-added assemblies for sophisticated electronics used in automotive, telecommunications, computer, diversified electronics, and aerospace applications. In addition to manufacturing sites in Methuen, Massachusetts; Salem, New Hampshire; Cranston, Rhode Island; San Jose, California; Shanghai, China; Isle of Wight, UK; and Empalme, Mexico, Parle x has logistic support centers and strategic alliances throughout North America, Asia, and Europe.
The following information was provided in the company”s annual report.
Instructions
(a)Parle x management discusses the job order cost system employed by their company. What are several advantages of using the job order approach to costing?
(b)Contrast the products produced in a job order environment, like Parle x, to those produced when process cost systems are used.