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
Option 'A' is correct
Law Firm is most likely to use Job Order costing. Each case involves different cost because each case is an independent job.
Because Soft Drink Company, Gold refinery and Surfboard manufacturer uses Process costing method. So Options B, C, D are correct.
Which one of the following companies is most likely to use job order costing? A. a...
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.
3. Would the following companies likely use job-order or process costing? Synthetic rubber manufacturer - Contract well driller: Manufacturer of duct tape: -Concrete contractor Freelance videographer: Law firm: - Breakfast cereal manufacturer: CPA firm conducting large audits:
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....
Chapter 3 discusses job costing. Which type of company listed below would most likely use job costing. A. manufacture of fiber optic cable B .cereal manufacturer C .oil refinery D. home builder When is the predetermined manufacturing overhead rate calculated and what is it used for? A.beginning of the year; to allocate manufacturing overhead to a job during the year B.end of the year; to allocate direct materials, direct labor, and manufacturing overhead to a job during the year C.end...
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.
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 one would each business most likely: job order costing or process costing explain? A jeweler who specializes in engagement rings Toyota auto manufacturing Campbell’s soup canning Disney film studios A firm that does Chicago-area road repairs A developer of a COVID-19 vaccine. Wilson, maker of NFL game-day footballs
For which of the following products would a job-order costing system be appropriate? a.Steel plant which makes one type of steel. b.Door and window manufacturer making products like individual windows for houses. c.Cement plant where a single identical type of cement product is manufactured. d.Soft drink bottling plant where each type of soft drink is produced in a separate batch.