Job Order Costing: In job order costing, generally price related to each product is ascertained because each product is generally different from others. Process Costing : In this, generally per unit price of each department is ascertained and total of per unit cost of all department is total per unit cost of the product. This system is used when product is identical. 1. To explain : Features that distinguish job order costing from process costing.

Question

Want to see the full answer?

Answer 1

Question

Chapter 16, Problem 16SP

To determine

Job Order Costing:

In job order costing, generally price related to each product is ascertained because each product is generally different from others.

Process Costing:

In this, generally per unit price of each department is ascertained and total of per unit cost of all department is total per unit cost of the product. This system is used when product is identical.

1.

To explain: Features that distinguish job order costing from process costing.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

I don't need ai answer general accounting question

General accounting question

I want to correct answer general accounting question

Answer 2

Question

Chapter 16, Problem 16SP

To determine

Job Order Costing:

In job order costing, generally price related to each product is ascertained because each product is generally different from others.

Process Costing:

In this, generally per unit price of each department is ascertained and total of per unit cost of all department is total per unit cost of the product. This system is used when product is identical.

1.

To explain: Features that distinguish job order costing from process costing.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 16, Problem 16SP

To determine

Job Order Costing:

In job order costing, generally price related to each product is ascertained because each product is generally different from others.

Process Costing:

In this, generally per unit price of each department is ascertained and total of per unit cost of all department is total per unit cost of the product. This system is used when product is identical.

1.

To explain: Features that distinguish job order costing from process costing.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 16, Problem 16SP

To determine

Job Order Costing:

In job order costing, generally price related to each product is ascertained because each product is generally different from others.

Process Costing:

In this, generally per unit price of each department is ascertained and total of per unit cost of all department is total per unit cost of the product. This system is used when product is identical.

1.

To explain: Features that distinguish job order costing from process costing.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 16, Problem 16SP

To determine

Job Order Costing:

In job order costing, generally price related to each product is ascertained because each product is generally different from others.

Process Costing:

In this, generally per unit price of each department is ascertained and total of per unit cost of all department is total per unit cost of the product. This system is used when product is identical.

1.

To explain: Features that distinguish job order costing from process costing.

Answer 6

Chapter 16, Problem 16SP

To determine

Job Order Costing:

In job order costing, generally price related to each product is ascertained because each product is generally different from others.

Process Costing:

In this, generally per unit price of each department is ascertained and total of per unit cost of all department is total per unit cost of the product. This system is used when product is identical.

1.

To explain: Features that distinguish job order costing from process costing.

Answer 7

Chapter 16, Problem 16SP

To determine

Job Order Costing:

In job order costing, generally price related to each product is ascertained because each product is generally different from others.

Process Costing:

In this, generally per unit price of each department is ascertained and total of per unit cost of all department is total per unit cost of the product. This system is used when product is identical.

1.

To explain: Features that distinguish job order costing from process costing.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 16 - Prob. 1MCQ Ch. 16 - Prob. 2MCQ Ch. 16 - Prob. 3MCQ Ch. 16 - 4. A company’s beginning work in process in...Ch. 16 - Prob. 5MCQ Ch. 16 - What is the main factor for a company in closing...Ch. 16 - Prob. 2DQ Ch. 16 - Prob. 3DQ Ch. 16 - Prob. 4DQ Ch. 16 - Prob. 5DQ

Videos

Want to see the full answer?

Chapter 16 Solutions