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Description: 31Manufacturers producing highly customized products would most likely use a(n): Group of answer choicesprocess costing systemjob-costing systembackflush costing systemhybrid costing system

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Manufacturers producing highly customized products would most likely use a(n): Group of answer choices process costing system job-costing system backflush costing system hybrid costing system

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 8CE: Electan Company produces two types of printers. The company uses ABC, and all activity drivers are...

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The activity-based costing (ABC) system has been used by manufacturing companies for a long period of time. Recently, the ABC system has been used by banks, insurance companies, not-for-profit organizations, government agencies, and service companies. Assume that you were hired as a cost accountant to develop a plan to implement the ABC system for one of these service organizations. Create an ABC system development plan, including detailed steps needed to effectively implement the system. Then present the plan in the discussion. Response should include: A brief background on the organization's main activities. Whether there will be any limitation on implementing the ABC system in the organization selected.
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58. Contractors who sell to government agencies would be most likely to use which of the following cost methods in pricing their products? a. variable cost method b. product cost method c. total cost methodd. fixed cost method
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