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
Dairy farm - Process costing Builder of pools - Job costing Candy bar producer - Process costing Legal firm - Job costing Upholstery repair shop - Job costing Sports drink producer - Process costing Toner cartridge producer - Process costing Custom home builder - Job costing |
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Job Costing Versus Process Costing. Indicate whether each of the firms listed in the following would...
2. For each of the following manufacturing situations, indicate whether job order or process costing is more appropriate and why. Job order or process costing? Company descriptions Why? Manufacturer of chocolate candy bars Manufacturer of carbonated beverages Manufacturer of high-quality men's suits Manufacturer of subway cars Printer of a variety of history books
Help clarify whether the following items are "Job order
operation:" or "Process Operation"
Indicate each item a through e below as a feature of either a job order or process operation. a. Low product standardization b. High product flexibility c. High production volume d. Custom orders e. Low product flexibility
Please indicate whether the following statements are true or false by circling a T or an F 1. Direct and indirect materials may both come from the same source 0 0 2. Factory overhead includes the cost of selling and advertising the product | 0 3. Fixed costs remain constant in total, the average fixed costs becomes progressively smaller as the level of activity increases 0 0 4. Work in process represent goods that have some or all raw materials,...