Answer question

AIP 9.2 JobOrder and Process Costing L0 1 A management accounting professor was trying to explain the difference between job order costing and process costing to her class. She pointed out that a joborder costing system is generally used when distinct batches or 'jobs' can be identied. Alternatively, process costing is used for the continual processing of homogenous products. A student 445 suggested another difference between joborder and process costing. He noted that on the one hand, joborder costs are determined at the time the job is being performed by using predeterrnined overhead rates. On the other hand, process costs are normally determined at the end of the period based on the number of equivalent mts produced and actual overhead costs. What does the timing difference between joborder costing and process costing say about how joborder costs and process costs are used for planning purposes