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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Which of the following is typically a job-order costing firm?

  1. a. Paint manufacturer
  2. b. Pharmaceutical manufacturer
  3. c. Cleaning products manufacturer
  4. d. Cement manufacturer
  5. e. Large regional medical center

To determine

Identify a job-order costing firm.

Explanation

Job-order Costing:

A costing system which accumulates the cost on the basis of job is known job-order costing. Job-order costing is often used by the firm which deals in services like hotels and garages.

e.

Large regional medical center provide all types of treatments and services to the patients. They have doctors like dentists, dermatologist and general physician. Since, it provides multiple services that are heterogeneous in nature, medical center is a job order costing firm. Therefore, option e is the correct answer.

a.

Paint manufacturer often use process costing due to homogeneous products...

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