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Which type of cost system, process or job order, would be best suited for each of...
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
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
Which of the following is not a characteristic of a job order costing system? a. It provides a separate record for the cost of each quantity of product that passes through the factory. b. It accumulates cost for each department within the factory. c. It uses only one work in process account d. It is best suited for industries that manufacture custom goods.
Process cost accounting would be best suited for: Multiple Choice - Interstate Highways state Highways Custom cabinets Cruise ships O Tailor-made tuxedos O Paint
which of the following would be accounted for using a job order cost system?a. the production of personal computersb. the production of automobilesc. process cost of batch systemsd. the construction of a new campus building
Match each business that follows to the type of costing system (a or b) it would typically use. Clear All Home construction Gasoline refinery Job order costing Flour mill Process costing Movie studio Paper manufacturer
Week Four - Some companies are more suited to job order costing and others to process costing. Define these two types of accounting for costs and give a few examples of companies that would benefit from job order costing.
Which of the following is TRUE of job order cost systems? A. Examples of companies that use job order cost systems would be oil refineries, paper producers, chemical processors, and food processors. B. Job order cost systems are not widely used. C. Job order cost systems are often used by companies that manufacture custom products for customers or batches of similar products. D. Job order cost systems provide product costs for each manufacturing department or process.
1. LO 41 Which of the following product situations is better suited to job order costing than to process conting? A Each product batch is exactly the same as the prior batch B. The costs are easily traced to a specific product. C. Costs are accumulated by department D. The value of work in process is based on assigning standard costs. 2. LO 41 A job order costing system is most likely used by which of the following? A. a...
Job Costing Versus Process Costing. Indicate whether each of the firms listed in the following would use job costing or process costing. Dairy farm Builder of pools Candy bar producer Legal firm Upholstery repair shop Sports drink producer Toner cartridge producer Custom home builder