3-2 Assignment: Costing Methods ACC 202 Southern New Hampshire U 09:37:31 GMT -05:00 The Company I chose in this assignment is GOVX.com. GOVX is a retail website that directs attention to veteran€™s, first responders, and military. GOVX is all about merchandising but also helping out thoug...
, The Company I chose in this assignment is GOVX.com. GOVX is a retail website that
directs attention to veteran’s, first responders, and military. GOVX is all about merchandising
but also helping out though the community. They total 95 employees across all locations and the
business generates 90.77 million in sales. “GOVX is dedicated to serving those who serve
through the development of exclusive eCommerce channels and the support of nonprofits that
provide valuable assistance to this community. (govxinc.com, 2022) GOVX partners with many
affiliates such as hotels, Costco, Walt Disney, and MLB. They have raised all types of revenue
for organizations such as wounded warriors, semper-fi, and more.
A job order cost system would be something that GOVX would utilize because clothing
merchandise is mainly what they sell even though they do have a variety of products. “Job order
cost systems are often used by companies that manufacture custom products for customers or
batches of similar products.” (Cengage, 2022) Process Cost Systems is something this particular
company would not fall under because they do not manufacture units of a product. “Examples
would be oil refineries, paper producers, chemical processors, and food processors.” (Cengage,
2022) If GOVX would fall more under Process Cost Systems, costs may be significantly
different. It’s possible that Process Cost Systems move quicker than a Job Order System because
food industries get more even flow of consistent customers whereas a Job Order System is based
on when people decide to order and production and shipping are a factor included in how long
the job takes to complete.
09:37:31 GMT -05:00
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