# 3. Answer the following five questions. Complete sentences and well written posts only! Remember to review before your post! Communication skills are critical to success! Questions (Be sure to understand the following concepts before answering: Conversion Costs, Inventory, Job order costing, Process costing) 1. Briefly explain when a company may use job-order costing versus process costing. What type of products use these types of costing and why? 2. Would Kingscote Chemicals be likely to use job costing or process costing when it accounts for the manufacture of its powder Bright Dyes products? Explain. 3. List several conversion costs that might be incurred in the production of the Bright Dyes powder. Conversion costs are direct labor + manufacturing overhead (p. 28)
# 3. Answer the following five questions. Complete sentences and well written posts only! Remember to review before your post! Communication skills are critical to success! Questions (Be sure to understand the following concepts before answering: Conversion Costs, Inventory, Job order costing, Process costing) 1. Briefly explain when a company may use job-order costing versus process costing. What type of products use these types of costing and why? 2. Would Kingscote Chemicals be likely to use job costing or process costing when it accounts for the manufacture of its powder Bright Dyes products? Explain. 3. List several conversion costs that might be incurred in the production of the Bright Dyes powder. Conversion costs are direct labor + manufacturing overhead (p. 28)
Chapter1: Financial Statements And Business Decisions
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