Which type of cost system, process or job order, would be best suited for each of...

Question

Question

Answer 1

Answer #1

TV assembler

TV Assembler comes under Process cost system.

Because, the products are slightly standard and lose their identities as individual items.

Building Contractor

Buiding Contractor is suitable for Job Order Cost System.

Because, the building cost can be identified with each job without great difficulty.

Automobile Repair Shop

Automobile Repair Shop is suitable for Job Order Cost System.

Because, the job can be equitably recognized with each job.

Paper Manufacturer:

Paper Manufacturer comes under Process cost system.

Because, manufacturing paper process is endless and the products are homogeneous.

Custom Jewelry Manufacturer:

Custom Jewelry Manufacturer is suitable for Job Order Cost System.

Because, most of the jewelry consists of job orders only, and cost can be rationally recognised with each job.

Answer 2

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