Identify two non-manufacturing companies that could use process costing and explain briefly.
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Identify two non-manufacturing companies that could use process costing and explain briefly.
Please identify two products, that would use process order costing. Explain why job order would not be appropriate for them. Identify some of the direct materials, direct labor and overhead costs associated with each of the products. Identify an appropriate activity that could be used for the predetermined overhead rate allocation.
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.
Choose a manufacturing company and explain if its inventory should use a Process costing system. Explain what type of manufacturing company would choose to use a Process costing system.
Identify and briefly explain TWO circumstances in which expansionary monetary policy could not be effectively used to restore full-employment.
Examine individually if these companies: 1.bakery,2. construction company,3. hospital, 4. Accounting firm, could use process costing , why or why not. Could they have a hybrid method of costing? Managerial Accounting
Is job-order costing as applicable to service companies as it is to manufacturing companies? If so, give an example of a service company that might use job-order costing and explain how the company uses this costing method.
please choose a company that uses Job costing and process costing and explain the benefits of each. Job Costing vs. Process Costing: Example: Select a company of your choice and explain when they migh use job costing and when they might use process costing. Cite your work and include sufficient detail. Service Industry Costing: Differences: Explain why costing methods used in the service industry are different from those used in the manufacturing or merchandising industries. Service Industry Costing: Benefits: Select...
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...
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).
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.