What type of businesses would find job-order costing

Assignment Help Accounting Basics
Reference no: EM132463975

Reading the book and it says that ''job order costing is not practical in all manufacturing or service type industries.'' then I don't clearly understand,

Question 1: what type of businesses would find job-order costing practical and how so? also, why is it so important that they keep track of all the costs that go into a product or service?

Reference no: EM132463975

Questions Cloud

What new problems did the iraqi war cause for the us : What new problems did the Iraqi War cause for the U.S. and its allies around the world? What effects has it had on the U.S. economy?
Determine if you a bank manager of a small town state bank : Determine if you a bank manager of a small town state bank,You are the CEO of a large commercial bank such as Wells Fargo Bank.
Major control risks for the business processes of company : Compare and contrast the features and functionalities of two B1 software packages offered by the three vendors described in the report
How do we contest stereotypes in the media : How do we contest stereotypes in the media? Does stereotypical representation of race ethnicity, gender, sexuality, religion have political and social construct
What type of businesses would find job-order costing : What type of businesses would find job-order costing practical and how so? also, why is it so important that they keep track of all the costs that go
What are the key business processes for friendly supermarket : What are the key business processes for Friendly Supermarket and What are the major control risks for the business processes of the company
Prepare a budget for cash collections from sales : Marker Products m sells all of its products on credit. Prepare a budget for cash collections from sales for each of the four quarters
Compute the after-tax cost : Assuming a 2l percent marginal tax rate, compute the after-tax cost of the business expenses:-$5,600 premium on business property and casualty insurance.
Calculate the value of the constant a : The breaking strength X of a concrete slab has a density function (x)= Ae(-x/100)dx for breaking strength values in the range, 120 = x = 150.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Pension scheme on a monthly basis

You are the financial controller of C Ltd, a company which has recently established a pen- sion scheme for its employees. It chose a defined benefit scheme rather than a defined contribution scheme. C Ltd makes payments into the pension scheme on ..

  What is the balance in work-in-process inventory

The cost of goods manufactured was $131,000 in 2011. What is the balance in work-in-process inventory on December 31, 2011

  Which benefits would best lead you to a healthier lifestyle

Would the types of benefits an employer offers influence your decision to work there? Which benefits would best lead you to a healthier lifestyle?

  What else can you add to the given problem

Before conducting an interview, especially based on investigation and fact finding, the investigator should provide a brief introduction and be honest.

  Cssen realtors inc specializes in the sale of residential

cassen realtors inc. specializes in the sale of residential properties. it earns its revenue by charging a percentage

  Applies the equity method of accounting

Applies the equity method of accounting.

  Prepare the adjusting entry for december

Grove Corporation issued $6,000,000 of 8% bonds on October 1, 2017, due on October 1, 2022. Prepare the adjusting entry for December 31, 2018

  The andrew jackson corporation a manufacturer of the

the andrew jackson corporation a manufacturer of the hickory walking sticks made of hickory gathered the following

  Why do you think the judge meant by the culture

Why do you think the judge meant by the culture that developed with within Surency at the time?

  Why would management prefer to use lifo over fifo

In each space below, place the correct sign [less than ( ), or equal (=)] for each comparison, assuming periods of rising prices.

  Accounting assumptions necessitate use of adjusting entries

What accounting assumptions necessitate the use of adjusting entries? What accounts are subject to adjusting journal entries?

  Dobbs company has gathered the information shown below

dobbs company has gathered the information shown below about its product. direct materials each unit of product

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