FINANCIAL+MANAG.ACCT.
9th Edition
ISBN: 9781260728774
Author: Wild
Publisher: RENT MCG
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following products and services, indicate whether it is more likely produced in a processoperation (P) or in a job order operation (J). Organic juice
Which of the following businesses would most likely use a Job Order cost system
(compared to a Process cost system).
A swimming pool installer
A paper mill
A business that manufactures chlorine
An oil refinery
For each of the following products and services, indicate whether it is more likely produced in a process operation or in a job order
operation.
1. Ice cream
2. Tennis balis
3. House painting
4. Granola bars
5. Backpacks
6. Custom swimming pool
7. Smartphones
8 Chocolate syrup
9. Wedding cake
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- For each item listed, state whether a job order costing system or process costing system would be best. cereal team uniforms houses beach chairs plastic restaurant-specific pizza boxes sneakers customized with number and colorsarrow_forwardA job order costing system is most likely used by which of the following? a pet food manufacturer a paper manufacturing company an accounting firm specializing in tax returns a stereo manufacturing companyarrow_forwardFollowing is a list of manufactured products. For each product, would a job order or a process cost system be used to account for the costs of production? a. lumber b. buildings c. airplanes d. gasoline e. cereal f. textbooks g. paint h. jeansarrow_forward
- Job-Order Costing versus Process Costing a. Hospital services b. Custom cabinet making c. Toy manufacturing d. Soft-drink bottling e. Airplane manufacturing (e.g., 767s) f. Personal computer assembly g. Furniture making (e.g., computer desks sold at discount stores) h. Custom furniture making i. Dental services j. Paper manufacturing k. Nut and bolt manufacturing l. Auto repair m. Architectural services n. Landscape design services o. Flashlight manufacturing Required: Identify each of these preceding types of businesses as using either job-order or process costing.arrow_forwardMatch each business that follows with the job cost system it would most likely utilize. Clear All Videographer Lotions and cosmetic manufacturer Website designer Process cost system Job order cost systemarrow_forwardA job order cost system should be used when manufacturing soft drinks. Select one: O a. TRUE O b. FALSEarrow_forward
- Distinguishing between job order costing and process costing Would the following companies most likely use job order costing or process costing? a. A manufacturer of refrigerators b. A manufacturer of specialty wakeboards c. A manufacturer of luxury yachts d. A professional services firm e. A landscape contractor f. A custom home builder g. A cell phone manufacturer h. A manufacturer of frozen pizzas i. A manufacturer of multivitamins j. A manufacturer of tennis shoesarrow_forwardMatch each of the following cost items with the value chain business function where you would expect the cost to be incurred: Cost Item 1. Labor time to repair products under warranty 2. Radio commercials 3. Labor costs of delivering customer orders 4. Testing of competitor's product 5. Direct manufacturing labor costs 6. Development of order tracking system for online sales 7. Design cost of new product brochures 8. Hours spent designing childproof bottles 9. Training costs for representatives to staff the customer call center 10. Installation of robotics equipment in manufacturing plant Business Functionarrow_forwardA job order costing system that would best fit the needs of a company that makes: a. Shoes and apparel b. Pencils and erasers c. Custom machinery d. Paintarrow_forward
- A job order cost accounting system accumulates and records product costs by jobs. The resulting total and unit product costs can be used to do all of the following except a.compare actual costs to expected costs b.make cost comparisons across similar jobs c.analyze cost trends over time d.create customer profiles for the sales staffarrow_forwardMatch each of the following cost items with the value chain business function where you would expect the cost to be incurred: Cost Item 1. Purchase of raw materials 2. Advertising 3. Salary of research scientists 4. Delivery expenses 5. Reengineering of product assembly process 6. Replacement labor expense for warranty repairs 7. Manufacturing supplies 8. Sales salaries 9. Purchase of CAD (computer-aided design) software 10. Salary of website manager Business Functionarrow_forwardfollowing products and services, indicate whether it is more likely produced in a processoperation (P) or in a job order operation (J). Luxury yachtsarrow_forward
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