Show job-order costing or process costing

Assignment Help Accounting Basics
Reference no: EM13523603

Whether a company uses process costing or job-order costing depends on its industry. A number of companies in different industries are listed below:

Brick manufacturer
Contract printer that produces posters, books, and pamphlets to order
Natural gas production company
Dairy farm
Coal mining company
Specialty coffee roaster (roasts small batches of specialty coffee beans)

Required:

For each company, indicate whether the company is most likely to use job-order costing or process costing.

Reference no: EM13523603

Questions Cloud

Compute the total materials variance : Compute the total materials variance and the price and quantity variances - assuming the purchase price is $5.20 and the quantity purchased and used is 26,200 units.
How did islamic-greek-roman and christian ideas : How did Islamic, Greek, Roman and Christian ideas come together to shape philosophy and religion at the end of the Medieval and beginning of the Renaissance periods?
Find between the bible writings and the meditations : What was the Roman attitude toward minorities in the empire like the Jews, and why was there a conflict of religion? What similarities and differences do you find between the Bible writings and the Meditations?
Obtain the magnitude and direction of the electric field : Point charges of 25.0 µC and 49.0 µC are placed 0.500 m apart. What is the magnitude and direction of the electric field halfway between them
Show job-order costing or process costing : For each company, indicate whether the company is most likely to use job-order costing or process costing.
Obtain the electric force exerted by one sphere on other : Two identical conducting small spheres are placed with their centers 0.330 m apart. One is given a charge of 12.0 nC and the other a charge of 13.0 nC. Find the electric force exerted by one sphere on the other
Compute the equivalent units of production : Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
Find the magnitudes of the bird watchers displacement : A bird watcher meanders through the woods, walking 0.375 km due east, 1.19 km due south, and 2.48 km in a direction 48.9 ° north of west. find the magnitudes of the bird watchers displacement
Show the effect on companys overall net operating income : What would be the effect on the companys overall net operating income of dropping product N28X - Should the product be dropped?

Reviews

Write a Review

Accounting Basics Questions & Answers

  On the basis of given data find out the value of the

on the basis of the following data determine the value of the inventory at the lower of cost or

  In brief explain the difference between credit and

in brief explain the difference between credit and

  Effective interest method problem

On January 1, 2011, an investor paid $299,000 for bonds with a face amount of $350,000. The stated rate of interest is 10% while the current market rate of interest is 12%. Using the effective interest method, how much interest income is recognize..

  Earning normal profit in the long run

A firm will only earn normal profit in the long run: a) if firms can freely enter or leave the market b) if firms do not try to maximize profit c) only if the industry is perfectly competitive d) whenever products are not differentiated

  Determining non probability sampling

When the analysis is a based on an entire group or in other words all of the members of the group under study then the population is in place. A sample is taken when this population is too large to measure each one of the members.

  Determine the direct labor efficiency variance

Explorer, Inc., manufactures lanterns for camping. The company's direct labor rates have been set by the terms of the current labor contract. Direct labor rate standards have been assigned for each job classification.

  Discuss some of the issues the sec must consider in

describe some of the issues the sec must consider in deciding whether the united states should adopt

  Components of the accounting equation

Components of the Accounting Equation - The financial condition of Greyco Inc. is expressed in the following accounting equation

  Compute the companys activity variances for june input all

harolds roof repair has provided the following data concerning its costsfixed cost per monthcost per

  Prepare the journal entry at the date of the bond purchase

on january 1 2009 roosevelt company purchased 12 bonds having a maturity value of 506000.00 for 524700.75. the bonds

  Problem regarding partnership

Barry owns a 30% interest in a partnership that earned $300,000 this year. He also owns 30% of the stock in a C corporation that earned $300,000 during the year.

  Explain the term accounting equation suppose your company

explain the term accounting equation? suppose your company sold 12000 in merchandise to a customer for cash. how does

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd