In teams of two or three students, interview in person or by speakerphone, a businessperson in your community who uses job costing (for example, businesses that produce custom products such as homes, signs, or landscape design, or business consultants). Ask how this person assigns costs to products and how this information affects business decisions. Keep in mind that many businesspeople use terms other than job costing and manufacturing overhead. Be flexible with your use of accounting terminology in this interview. Each team should write a memorandum to the instructor summarizing the results of the interview. Information contained in the memo should include:
Date:
To:
From:
Subject:
Content of the memo must include the name and title of the person interviewed, name of the company, date of the interview, examples of the use of accounting information for decision making, and any other pertinent information.