Costing system of rather than job-order costing system

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Reference no: EM131247551

1. For which situation(s) below would an organization be more likely to use a process costing system of rather than a job-order costing system?

a paper mill that processes wood pulp into large rolls of paper

a shop that restores old cars to "showroom" quality

a framing shop that builds picture frames to order for individual customers

a masonry company that builds brick walls, bulkheads, and walkways designed by architects

2. Powell’s Courier Service recorded a loss of $9,000 when it sold a van that originally cost $84,000 for $15,000. Accumulated depreciation on the van must have been

a $78,000.

b $24,000.

c $75,000.

d $60,000.

Reference no: EM131247551

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