3. Would the following companies likely use job-order or process costing? Synthetic rubber manufacturer - Contract...
1. What is the company's predetermined overhead rate if the company anticipates 125,000 direct labor hours, variable manufacturing overhead costs of $7.43 per direct labor hour and total fixed manufacturing overhead of S189,000 during 2018? S189000 during 2013 overed st of 7.A8 per direr lab 2. A com pany recently completed job #583. The company incurred direct materials of S40610 and direct labor hours of 1,147. The direct labor wage rate was $11 per direct labor hour. The company completed...
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
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
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.
1 a.Explain what is job order costing. b. List 3 companies that could use job order costing and identify a type of product that they produce that will follow job orders. Ex: CPA firm, a job order would be the auditing service of 1 client.
1. Explain what is job order costing. 2. List 3 companies that could use job order costing and identify a type of product that they produce that will follow job orders. Ex: CPA firm, a job order would be the auditing service of 1 client.
When are companies likely to use a job costing system or process costing system? Describe the specific characteristics of each system and provide at least 2 examples from companies in your community for each system (at least 4 companies should be described).
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 of the following companies is most likely to use process costing? A) Crimpson Color, a company selling customized garments for niche customers B) Effel & Associates, a consulting firm providing various audit and related services C) Dental Bright Inc., a company manufacturing and selling toothpaste on a large scale D) Grimpy Corp., a company manufacturing furniture for customers as per their requirements Which of the following most accurately describes the contrast between process and job costing? A) In process...
1. Which entity below would most likely use a job-order costing system? a. Textile manufacturer b. Concrete Block Producer c. Petroleum Refinery d. Antique Automobile Restorer 2. The cost of all jobs not yet completed is in the account. 3. The cost of all jobs completed but not yet sold is in the account. 4. Direct material is traced to jobs using: a. An overhead allocation base. b. Material Requisition form c. Predetermined rate d. All of the above. 5....