Explain the differences between sequential processing and parallel processing?

Managerial Accounting

PART 1

-Explain the differences between process costing and job-order costing.

-Explain the differences between actual costing and normal costing.

-What is the job order cost sheet?

-What is a materials requisitions form and a time ticket?

Part 1 must include a conclusion

PART 2

-Explain the differences between sequential processing and parallel processing.

-How do costs flow through the Accounts in Process costing?

-What is the impact of Work-In-Process Inventories on process costing?

-What is the FIFO costing method?