For which of the following products would a job-order costing system be appropriate?
a.Steel plant which makes one type of steel.
b.Door and window manufacturer making products like individual windows for houses.
c.Cement plant where a single identical type of cement product is manufactured.
d.Soft drink bottling plant where each type of soft drink is produced in a separate batch.
Solution:
Job costing system is appropriate for Door and window manufacturer making products like individual windows for houses.
Hence option b is correct.
For which of the following products would a job-order costing system be appropriate? a.Steel plant which...
For which of the following products would a job-order costing
system be appropriate?
Steel plant which makes one type of steel.
Door and window manufacturer making products like individual
windows for houses.
Cement plant where a single identical type of cement product is
manufactured.
Soft drink bottling plant where each type of soft drink is
produced in a separate batch.
11. Depending on the product being manufactured, companies use either a process or job-order costing system. Please determine which type of costing system that the following companies would use: Process Job-Order a. Coca-Cola bottling soda b. A paper mill c. An advertising agency d. A paper clip manufacturer e. Boeing making a jet f. An auto repair shop
Which one of the following companies is most likely to use job order costing? A. a law firm B. a soft drink company C. a gold refinery D. a surfboard manufacturer
Job-Order Costing versus Process Costing Required: Identify each of the following types of businesses as either job-order or process costing. a. Hospital services b. Custom cabinet making c. Toy manufacturing d. Soft-drink bottling e. Airplane manufacturing (e.g., 767s) f. Personal computer assembly g. Furniture making (e.g., computer desks sold at discount stores) h. Custom furniture making i. Dental services j. Paper manufacturing k. Nut and bolt manufacturing l. Auto repair m. Architectural services n. Landscape design services o. Flashlight manufacturing
Choose from the following list the ones that are characteristics
of job-order costing and the ones that are characteristics of
process costing.
1.
Cost totalled by job or batch.
Process CostingJob-order Costing
2.
Unit cost calculated by dividing total job costs by units
produced.
Job-order CostingProcess Costing
3.
Homogeneous products with high volumes.
Job-order CostingProcess Costing
4.
Unit cost calculated by dividing total process costs during the
period by units produced during that period.
Process CostingJob-order Costing
5.
Distinct products...
Choose from the following list the ones that are characteristics of job-order costing and the ones that are characteristics of process costing. 1. Cost totalled by job or batch. 2. Unit cost calculated by dividing total job costs by units produced. 3. Homogeneous products with high volumes. 4. Unit cost calculated by dividing total process costs during the period by units produced during that period. 5. Distinct products with low volumes. 6. Costs added by process or department. 7. Used for manufacturing of chemicals, gasoline, microchips, soft...
Choose from the following list the ones that are characteristics of job-order costing and the ones that are characteristics of process costing. 1. Cost totalled by job or batch. 2. Unit cost calculated by dividing total job costs by units produced. 3. Homogeneous products with high volumes. 4. Unit cost calculated by dividing total process costs during the period by units produced during that period. 5. Distinct products with low volumes. 6. Costs added by process or department. 7. Used...
Which of the following companies would be the least likely to use a job order costing system? A. Before the Amplifier, Inc., a manufacturer of custom made acoustic guitars. B. Sweetwater, Inc., a manufacturer of mass-produced blueberry beverages. C. Rosie the Robot Company, a manufacturer of space age cleaning robots built to customer specifications. D. The Wright Flight Company, a manufacturer of custom built aircrafts. E. The Black Bear Trail, LLC, a builder specializing in one-of-a-kind residential Pacific Northwest cabins.
Which product costing system would be better for custom-order products? Company costing system = A Product costing system = B Overhead costing system = C Job costing system =D
Which of the following would most likely use job order costing? A. The manufacturer of ink pens. B. Manufacturer of paint C. Audit jobs for a Public Accounting Firm D. Manufacturer of Coffee Cups