Distinctions between the job-costing and the process-costing systems

Prior to beginning work on this discussion, please read the article How Boeing Tracks Costs, A to Z (Links to an external site.) and in an initial post of at least 200 words explain the change in Boeing’s costing approach from one based on job-costing to a process-costing approach. In your post,

• Demonstrate the major distinctions between the job-costing and the process-costing systems.
• Explain what Boeing means by process accounting.
• Discuss the advantages of the process accounting approach at Boeing.
• Assess how the new process accounting approach affect each business unit’s incentives and tools to control cost