Job-Order Costing versus Process Costing Required: Identify each of the following types of businesses as either...
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 |
Homework Answers
| Type of business | Type of costing |
| a. Hospital services | Job-Order Costing |
| b. Custom cabinet making | Job-Order Costing |
| c. Toy manufacturing | Process Costing |
| d. Soft-drink bottling | Process Costing |
| e. Airplane manufacturing (e.g., 767s) | Job-Order Costing |
| f. Personal computer assembly | Process Costing |
| g. Furniture making (e.g., computer desks sold at discount stores) | Process Costing |
| h. Custom furniture making | Job-Order Costing |
| i. Dental services | Job-Order Costing |
| j. Paper manufacturing | Process Costing |
| k. Nut and bolt manufacturing | Process Costing |
| l. Auto repair | Job-Order Costing |
| m. Architectural services | Job-Order Costing |
| n. Landscape design services | Job-Order Costing |
| o. Flashlight manufacturing | Process Costing |
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Job-Order Costing versus Process Costing
Required:
Identify each of the following types of businesses as either...
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Soft drink bottling plant where each type of soft drink is
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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.
Match each costing system characteristic to job order costing, process costing, or both. Used by companies that manufacture identical items through a series of 1. 2 3. uniform production steps or processes Transfers costs from Work-in-Process Inventory to Finished Goods Inventory to Cost of Goods Sold Used by companies that manufacture unique products or provide specialized services Has multiple Work-in-Process Inventory accounts Tracks direct materials, direct labor, and manufacturing overhead costs 4. 5.
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