Answer
c.shampoo manufacturer
Reason
Process Costing is used by companies that produce similar or identical(homogeneous) units of products in batches employing a consistent process.Process costing systems track costs by processing departments.Thus the Process Cost system is the most appropriate to be implemented in shampoo manufacturing companies.
The other options [Dress maker,Custom furniture manufacture and boat repair service] would use a Job Costing because they produce unique products or services and this system track costs by jobs.
For which of the following businesses would a process cost system be appropriate? Oa dressmaker Ob.custom...
For which of the following would the job order cost system be appropriate? Antique furniture repair shop Coal Manufacturer A company that manufactures ice cream bars -Computer chip manufacturer
Question 14 4 pts Which of the following businesses is most likely to use a process costing system? O a custom furniture manufacturer O a legal service provider O a custom home building contractor a candy manufacturer
Which of the following is a major subsystem of the cost accounting information system? Oa. ERP Ob. EDI Oc. Operational control information system Od. OLAP C Which of the following is a cost management subsystem designed to assign costs to individual products and services and other objects, as specified by management? Oa, cost accounting information system Ob, financial accounting information system Oc operational control information system Od. All of these choices are correct. In a company that supplies muffins to...
For Scoring Answers The conversion cost of the 7,500 uns in process at the end of the period 7 17· 18. The business philosophy that tocuses on reducing time and cost and 18._ 9 20. eliminating poor quality within manufacturing and nonmanufacturing processes is.... combined into work centers, which are also known as nput quantity is 20. A measure of the ratio of the materials output quantity to the materials 21-24. Identily whether the process cost or job order cost...
Which type of cost system, process or job order, would be best suited for each of the following (Give reasons for your answers): TV assembler building contractor automobile repair shop paper manufacturer custom jewelry manufacturer?
Which of the following is the correct flow of manufacturing costs? Oa. raw materials, finished goods, cost of goods sold, work in process Ob. work in process, finished goods, raw materials, cost of goods sold Oc. raw materials, work in process, finished goods, cost of goods sold Od cost of goods sold, raw materials, work in process, finished goods here to search 9 E E R. Y F G Н K K DV B. N M M
How would you respond to this post? Job costing and process costing differ in many ways. Unlike process costing, job costing creates a ledger so that records are kept to form an integral part of the final account statement of the manufacturer to record the cost (Julita, 2018). Job costing records the value of every unit of production for every task. It is also a cost that forms salaries of labor working individuals for a particular process. Processing costing involves...
Which of the following factors would NOT be part of a process to improve a business’ competitive positioning in a global marketplace? Focusing on customers. Practicing continuous improvement. Relying on the Internet to unite companies. Reducing product quality to keep costs low. Which of the following statements concerning the U.S. service sector today is most accurate? This sector has grown much more rapidly than the manufacturing sector. It has become the low-wage sector of the U.S. economy. It focuses less...
Entries for Flow of Factory Costs for Process Cost System Sweeties, Inc, mandatures a su product by a continuous process, involving the production departments-Refining, Sitting, and Padang, Assume that records indicate that direct materials, direct labor, and applied factory overhead for the first department, Refining, were $500.000, $189.300, and $124,400, respectively. Also, work in process in the Refining Department at the beginning of the period totaled 330,300, and work in process at the end of the period totaled $37,300 a....
2. Saldly UI CICILIUM Instructions Classify each cost as either a product cost or a period cost. Indicate whether each product cost is a direct materials cost, a direct labor cost, or a factory overhead cost. Indicate whether each period cost is a selling expense or an administrative expense. Use the following tabular headings for your answer, placing an "X" in the appropriate column: Product Costs Period Costs Direct Direct Factory Materials Labor Overhead Selling Administrative Cast Cost Cost Cost...