Aug 31 - Sep.?You work as a cost accountant for two different companies:Company A: A custom cabinet manufacturer that creates built-in kitchen cabinets based on individual customer specifications. Each project requires different materials (wood types, hardware, finishes) and varying amounts of labor time depending on complexity.Company B: A marketing consulting firm that provides services ranging from social media strategy (typically 20-30 hours) to complete brand overhauls (200 hours).Each client engagement involves different team members with varying hourly rates.Question: For each company, explain how you would implement a job order costing system. Specifically address:1. How would you define a "job" for each company?2. What would constitute direct materials, direct labor, and overhead for each business?3. What challenges might you face in accurately tracking costs for each type of business?4. How would the job cost information be used differently by management in each company?Consider the practical difficulties of cost tracking in real business environments.What assumptions or estimates might be necessary, and how could these affect the accuracy and usefulness of your cost information?Peer Response Requirement: Reply to at least two classmates by either identifying additional cost tracking challenges they may have missed or suggesting alternative approaches to the costing problems they identified.