Sony
from class:
Managerial Accounting
Definition
Sony is a multinational conglomerate corporation specializing in electronics, gaming, entertainment, and financial services. Known for its innovative product lines and diverse business units, Sony operates in both manufacturing and non-manufacturing environments.
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5 Must Know Facts For Your Next Test
- Sony uses job order costing to track expenses for its various divisions such as gaming and entertainment.
- In nonmanufacturing environments like Sony's entertainment division, job order costing helps allocate costs to specific projects like movie production.
- Job order costing at Sony can include direct costs such as salaries of game developers or actors.
- Indirect costs like administrative expenses are also allocated using job order costing methods at Sony.
- Sony's financial services sector employs job order costing to manage individual client accounts and tailor financial products.
Review Questions
- How does Sony apply job order costing in its nonmanufacturing sectors?
- What types of costs are tracked using job order costing in Sony’s entertainment division?
- Why is job order costing useful for Sony's financial services?
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