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What types of businesses can use a job costing system? Manufacturing and merchandisin

What types of businesses can use a job costing system? Manufacturing and merchandisin

 What types of businesses can use a job costing system?

A) Manufacturing and merchandising businesses

B) Service and manufacturing businesses

C) Service and merchandising businesses

D) Service, manufacturing, and merchandising businesses

12) Which product costing system would better account for a unique product?

A) Job costing system

B) Overhead costing system

C) Process costing system

D) Product costing system

13) What are the two basic types of costing systems?

A) Job costing and process costing

B) Periodic costing and perpetual costing

C) Product costing and materials inventory costing

D) Periodic costing and process costing

14) Job costing is most likely used in which of the following industries?

A) Chemicals

B) Food and beverage

C) Pharmaceuticals

D) Commercial building construction

15) Which of the following is an example of an industry that would use a process costing–rather than a job costing–system?

A) Boeing Jets

B) Coca-Cola

C) Centex Custom Homes

D) Snyder & Lewis, Attorneys at Law

16) Which of the following is most likely NOT to use process costing?

A) DuPont Chemical

B) Ashley Custom Furnishings

C) Exxon-Mobile (gasoline)

D) General Mills (cereal)

17) What type of product costing system would a manufacturer of plywood use?

A) Job costing

B) Process costing

C) Either job or process

D) Both job and process

18) What type of product costing system would a manufacturer of luxury yachts use?

A) Job costing

B) Process costing

C) Either job or process

D) Both job and process

19) An example of an industry that uses process costing might be a:

A) custom printer.

B) company that makes cement.

C) shipbuilder.

D) homebuilder.

20) Job order costing might be used by a:

A) candy manufacturer.

B) crude oil refinery.

C) custom home builder.

D) cereal maker.

Tripti 07-Dec-2019

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