Job order costing Job order costing is most appropriate for what?a) Custom manufacturingb) Continuous processingc) Mass productiond) Retail sales

Explanation of Job Order Costing: Job order costing is a cost accounting system used to track and…

Answered: Job order costing is most appropriate…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter4: Activity-based Costing

Section: Chapter Questions

Problem 10DQ

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Similar questions

Can process costing be used for a service organization? Explain. Describe how process costing can be used for JIT manufacturing firms.
Give some examples of service firms that might use job-order costing, and explain why it is used in those firms.
Can a company use both job order costing and process costing? Why or why not?
The second stage of customer-based activity-based costing entails the assignment of: a. resource costs to sales departments. b. resources costs to distribution channels. c. customer-related activity costs to products. d. customer-related activity costs to customers.
How does process costing treat the costs transferred in from another department?
When is process costing appropriate, and what types of businesses use it?
What type of costing system do most service businesses use, and why do they use it?
Describe the product life cycle. How do unit-level costs behave in relation to the product life cycle? Batch-level costs? Product-level costs? Facility-level costs?
How does the adoption of a JIT approach to manufacturing affect process costing?
Job Order
Correct answer
Job Order Costing system vs. Process Costing system, or a hybrid system: Part (a): Distinguish between the two types of cost accounting systems. Part (b): May a company use both types of cost accounting systems? Part (c): What type of industry is likely to use a job order cost system? Give some examples and what type of industry is likely to use a process cost system? Give some examples.

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Job order costing is most appropriate for what? a) Custom manufacturing b) Continuous processing c) Mass production d) Retail sales