Question

Which of the following products probably would be manufactured using a job order costing system? A)...

Which of the following products probably would be manufactured using a job order costing system?

A)

Company business cards

B)

Paper

C)

Computer monitors

D)

Baseballs

Homework Answers

Answer #1

Correct Answer (A) Company Business cards

Explanation and reason

All the other products such as Paper, Computer monitor and baseball are generally produced in batches whereas and are homogeneous in nature. While on the other hand Company business cards is a specific job and is Unique in nature. Job order costing is used when production of a custom product is done. Company business cards are custom made, designed as per the specification of the Customer.

Record of Material, Labor and Overheads used in every job is calculated to know the full cost and profit on a particular job.

Conclusion

Out of the given examples, Company business would probably be manufactured using a Job Order Costing System.

  

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Which one of the following statements is false? In a job order costing system, individual jobs...
Which one of the following statements is false? In a job order costing system, individual jobs use different quantities of production resources. In a process-costing system, each unit uses approximately the same amount of resources. An organization that manufactures several types of cereal would use a job order costing system. A corporation whose sole business activity is processing the customer deposits of several banks would use a process-costing system.
Which of the following companies would use a job-order costing system? Anheuser-Busch Inc. Boeing Company Starbucks...
Which of the following companies would use a job-order costing system? Anheuser-Busch Inc. Boeing Company Starbucks Corporation Goodyear Tire & Rubber Company
Which one is incorrect regarding cost flows through a job-order costing system. a. Costs are averaged...
Which one is incorrect regarding cost flows through a job-order costing system. a. Costs are averaged for all jobs produced within a department b. product costs are accumulated separately by job. c. the job-order costing system is patterned after the physical flow of products as they move through the production process. d. the three inventory accounts used are maintained on a perpetual basis
Job-Order Costing versus Process-Costing 1. Job-order costing and process costing have the same basic purpose.What is...
Job-Order Costing versus Process-Costing 1. Job-order costing and process costing have the same basic purpose.What is this purpose? 2. Explain under what conditions it would be appropriate to use a job-order costing system, and under what conditions would it be appropriate to use a process costing system. In your answer, include an example of a company (industry) that would use job-order costing, and a company (industry) that would use process costing. 3. The major difference between job-order costing and process...
Prepare journal entries to record the following transactions for June using a job order costing system....
Prepare journal entries to record the following transactions for June using a job order costing system. (a) Purchased raw materials on credit, $84,000. (b) Raw materials requisitioned: $10,000 direct and $6,200 indirect. (c) Factory payroll accrued $35,000, including $12,500 indirect labor, remainder was direct labor. (d) Paid other actual overhead costs totaling $8,500 with cash. (e) Applied overhead totaling $27,600. (f) Finished and transferred jobs totaling $67,500. (g) Jobs costing $55,200 were sold on credit for $80,000.
Waldbauer Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed...
Waldbauer Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed out to cost of goods sold at the end of the month. In October the company completed job N66B that consisted of 10,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job N66B shows the following costs: Beginning balance $ 41,000 Direct materials $251,000 Direct labor cost $ 98,000 Manufacturing...
Which one of the following is a costing system commonly used by companies that produce a...
Which one of the following is a costing system commonly used by companies that produce a large number of homogeneous units in a continuous production process? A. Process costing system B. Incremental analysis cost system C. Unit costing system D. Job-order system
Job order costing accumulates and records costs by job and assists managers in evaluating actual and...
Job order costing accumulates and records costs by job and assists managers in evaluating actual and expected costs related to direct materials, direct labor, and factory overhead costs. Select a company that would employ a job order costing system. Research the company and discuss why a job order costing system is the 'correct' fit for that organization. Discuss a product the company sells and discuss what direct and indirect costs would be included on the job cost sheet.
Which of the following is the costing system used for mass produced like or similar units...
Which of the following is the costing system used for mass produced like or similar units of​ products? A. ​job-costing systems B. ​weighted-average costing systems C. ​inventory-costing systems D. ​process-costing systems
Create a company that would use job order costing to track its product costs. . ....
Create a company that would use job order costing to track its product costs. . . include the business name, business type (service, merchandiser, manufacturer), brief description of operations, and why job costing is the appropriate choice.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT