What type of industry is likely to use a job order cost system? Give some examples. а. b. What type of industry is likely to use a process cost system? Give some examples.

Q: Which of the following manufacturers is most likely to use a job order costing system?

A: The correct answer is d. Ship building factory.

Q: hat factors should be taken into account in deciding whether to use a job order cost system or a…

A: Job Order Cost System-:Job costing pertains to the comprehensive accumulation of production expenses…

Q: How can the predetermined factory overhead rate be used in job order cost accounting to assist…

A: Factory overheads refer to the total cost of manufacturing and operating a manufacturing process, is…

Q: What is Job Costing? Specify some industries where this system is suitable and give 6 industries…

A: Job Costing is a method of costing used to find the cost of a non standard job normally performed…

Q: Job costing vs process costing. Example, select a company of your choice and explain when they might…

A: Job costing:   Job costing is defined as a method of recording the costs of a manufacturing job,…

Q: How is the predetermined factory overhead rate used in job order costing to help management and…

A: Solution- A predetermined factory overhead rate acts as a benchmark for your indirect production…

Q: In a work-order costing system, what is the objective of the job cost sheet

A: This question explains the objective of the job cost sheet:

Q: Which one of the following is not a cost element in manufacturing a product? Office salaries…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: What kind of firm would use a job order cost system?

A:

Q: of cost accounting systems. Part (b): May a company use both

A: There are two main cost accounting systems:   job order costing and  process costing. Job order…

Q: What is the purpose of the job cost sheet in a job-order costing system?

A: Job order costing system is an accounting system which is applied when unique batches of goods and…

Q: Question 04 a. What type of industry is likely to use a job order cost system? Give some examples.

A: Hi student Since there are multiple questions, we will answer only first question.

Q: Identify the following features as applying more to job order operations (J), process operations…

A: Process costing: It is a method of cost accounting used by an enterprise with processes categorized…

Q: Provide an example of a manufacturing business that generally would use a job order cost system?…

A: Job order costing is a system that is used in the process of manufacturing. The job order costing…

Q: In a job order cost system, direct labor and factory overhead applied are debited to individual…

A: Job Costing and Process costing are 2 branches of Cost accounting. These methods are used to…

Q: Are the journal entries that match cost flows to product flows in process costing primarily the same…

A:

Q: Discuss how the predetermined factory overhead rate can be used in job order cost accounting to…

A: Predetermined overhead means the budgeted indirect factory costs which are incurred in the…

Q: Provide an example of a manufacturing business that generally would use a job order cost system?

A: Job order costing is a method of costing which is specific job order driven. Job Order costing…

Q: Which of the following does not accurately describe the application of job-order costing? a.…

A: Job costing includes the aggregation of the expenses of materials, overhead and labor for a…

Q: Is felse regarding Job-order costing

A: First option is wrong because the statement is true. Job-order-costing is suitable in the companies…

Q: s of industries or businesses that would use Job Order Costing?

A: There are many types of costing system which are adopted by the organization based on their business…

Q: What are the major differences between job-order costing and process costing systems? Give an…

A: Job order costing:   It is a system of assigning manufacturing costs of an individual unit of…

Q: As related to a job order costing system, answer the following short questions:  a. What is a job…

A: The business will be run as per the accounting procedures, and various costing techniques. Based on…

Q: Why might a company choose a process costing system over a job order costing system? How are the two…

A: Cost accounting is beneficial since it can demonstrate where a corporation spends money, earns…

Q: What information is presented on a job cost sheet and what is i

A: A job cost sheet tracks the job number, information about the customer, and the job. This includes…

Q: Indicate the source documents that are used in charging costs to specific jobs?

A: A Source document is an original record that contains overall information to validate a transaction…

Q: Provide an example of having to use both job costing and process costing. What made the situation…

A: In circumstance where the company has a mixed production system that produces in bulk but then…

Q: What do you think would happen if a company didn't use a job cost sheet? What are some specific…

A: Job Cost sheet Record of each job is maintained in a job-order costing system and it is served as a…

Q: a job-order costing system, the incurrence of indirect labor costs

A: Job-order costing system is a method of costing in which costs are assigned to particular job…

Q: Why would the manager of a service company need to use job-order costing?

A: Job order Costing: A job order costing is a method of costing where each job is treated separately…

Q: Discuss how a CPA firm could use a job order cost system?

A: Job order costing: Job order cost system is one of the methods of the cost accounting in which costs…

Q: Is Manufacturing Overhead cost allocated to jobs by precisely identifying the overhead cost of each…

A: Manufacturing Overhead Costs are allocated generally on the basis of predetermined overhead rates.…

Q: what's the difference between job order and process costing? Describe a product manufactured under…

A: Job order costing: The job order costing is a method of cost used by companies who produce unique…

Q: In job order cost accounting, the three elements of manufacturing cost are charged directly to job…

A: Job order costsIt is a method of cost accounting, in which cost is collected and accumulated for…

Q: why and what the answer is.      Period costs are a.found on the balance sheet b.found on the job…

A: Period costs: Period costs are the costs other than the product costs. These costs are not incurred…

Q: A job cost accounting system is suitable for similar product that are mass produced true or false ?

A: Job costing: In this type of costing, the cost of each unit would be computed and added up to arrive…

Q: What factors should be taken into account in decidingwhether to use job order costing in any given…

A: Job order costing represents a method of costing where the total cost of a particular job is…

Q: Some companies use labor cost to apply factory overhead to jobs. Identify another factor (or base) a…

A: The overheads or the indirect cost must be allocated to the respective departments in order to find…