For which of the following products would a job-order costing system be appropriate? Steel plant which...
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. |
Homework Answers
Answer : Door and window manufacturer making products like individual windows for houses.
As
In door and window manufacturing product is produced according to the need of the customer and is specific for a particular customer so job order costing system is most appropriate as product manufactured are not same for all customers. Usually in all building material manufacturing job order costing is followed
In steel plant, cement plant and soft drink bottling plant process or batch costing is followed
Hit Thumbs up if satisfied
For any query mention in comment section please
Thank you
Add Answer to:
For which of the following products would a job-order costing
system be appropriate?
Steel plant which...
For which of the following products would a job-order costing system be appropriate? a.Steel plant which...
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.
11. Depending on the product being manufactured, companies use either a process or job-order costing system....
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 of the following companies is most likely to use job order costing? A. a...
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 product costing system would be better for custom-order products? Company costing system = A Product...
Which product costing system would be better for custom-order products? Company costing system = A Product costing system = B Overhead costing system = C Job costing system =D
Which of the following would most likely use job order costing? A. The manufacturer of ink...
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 is not a characteristic of a job order costing system? a. It...
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.
Job-Order, Process, and Hybrid Costing Syste nise 12-2B Identifying the appropriate costing system LO 1 Crnoration's...
Job-Order, Process, and Hybrid Costing Syste nise 12-2B Identifying the appropriate costing system LO 1 Crnoration's Morgan Plant in Jacksonville, Florida, produces the company's weed- chemical solution, Weed Terminator. Production begins with pure water from a con- lead stream to which the plant adds different chemicals in the production process. Finally, the bottles the resulting chemical solution. The process is highly automated, with different mputer-controlled maneuvers and testing to ensure the quality of the end product. With only 15 employees,...
For which of the following would the job order cost system be appropriate? Antique furniture repair...
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 companies would be the least likely to use a job order costing...
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.
True or False 6. An architect is a business which is likely to use job costing....
True or False
6. An architect is a business which is likely to use job costing. 7. Prime costs are direct labour and direct material. 8. GAAP requires a product cost for finished goods inventory only. 9 Goods that are in production but not yet complete are classified as work in process. 10. Inventory is reported at cost in the statement of financial position. 11. Cost of sales is shown in the statement of financial position 12. Non-manufacturing costs are...
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.
Job-Order, Process, and Hybrid Costing Syste nise 12-2B Identifying the appropriate costing system LO 1 Crnoration's Morgan Plant in Jacksonville, Florida, produces the company's weed- chemical solution, Weed Terminator. Production begins with pure water from a con- lead stream to which the plant adds different chemicals in the production process. Finally, the bottles the resulting chemical solution. The process is highly automated, with different mputer-controlled maneuvers and testing to ensure the quality of the end product. With only 15 employees,...
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 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.
True or False
6. An architect is a business which is likely to use job costing. 7. Prime costs are direct labour and direct material. 8. GAAP requires a product cost for finished goods inventory only. 9 Goods that are in production but not yet complete are classified as work in process. 10. Inventory is reported at cost in the statement of financial position. 11. Cost of sales is shown in the statement of financial position 12. Non-manufacturing costs are...
Most questions answered within 3 hours.
-
Magnesium and nitrogen react in a combination reaction to
produce magnesium nitride. 3 Mg + N2...
asked 5 minutes ago -
Two electrons are initially at rest separated by a distance of
2nm. At time t=0, they...
asked 3 minutes ago -
A martial artist is practicing breaking 5 boards. He is able to
break aboard with probability...
asked 11 minutes ago -
The rate constant of a first-order reaction is 2.95 × 10−4 s−1
at 350.° C. If...
asked 14 minutes ago -
implement a class called PiggyBank that will be used to
represent a collection of coins. Functionality...
asked 5 minutes ago -
2. Use the following information in the table to answer the
following questions. (Numbers are in...
asked 11 minutes ago -
The fuel economy of a 2011 Lexus RX 350 2wd 6 cylinder 3.5 L
automatic 5...
asked 19 minutes ago -
i.
the synthesized compund 2-bromo-butanal i have a IR peak at about
3200 and one at...
asked 19 minutes ago -
A
752 mL sample of water was placed in a 1000 gram pan of aluminum.
The...
asked 30 minutes ago -
1.In the context of chelation, what does binding strength mean?
What happens at the molecular level...
asked 23 minutes ago -
Describe two obstacles that makes fixing atmospheric nitrogen
difficult.
asked 42 minutes ago -
Evelyn incorporates her sole proprietorship, transferring it to
newly formed Papaya Corporation. The assets transferred have...
asked 29 minutes ago