Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
16th Edition
ISBN: 9780134475585
Author: Srikant M. Datar, Madhav V. Rajan
Publisher: PEARSON
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Textbook Question
Chapter 4, Problem 4.18MCQ
For which of the following industries would
- a. Small business printing.
- b. Cereal production.
- c. Home construction.
- d. Aircraft assembly.
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Students have asked these similar questions
For which of the following industries would job-order costing most likely not be appropriate?
a. Small business printing.
b. Cereal production.
c. Home construction.
d. Aircraft assembly.
Which of the following would be more likely to use job-order costing rather than process costing?
a.Furniture manufacturer
b.Manufacturer of bricks
c.Brewery
d.Flour mill
e.None of these
Which of the following firms use Job-order costing?
A. Law Firms
B. Refinery
C. Consulting Firms
D. Auto Repair Shops
Chapter 4 Solutions
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
Ch. 4 - Define cost pool, cost tracing, cost allocation,...Ch. 4 - How does a job-costing system differ from a...Ch. 4 - Why might an advertising agency use job costing...Ch. 4 - Describe the seven steps in job costing.Ch. 4 - Give examples of two cost objects in companies...Ch. 4 - Describe three major source documents used in...Ch. 4 - What is the advantage of using computerized source...Ch. 4 - Give two reasons why most organizations use an...Ch. 4 - Distinguish between actual costing and normal...Ch. 4 - Describe two ways in which a house-construction...
Ch. 4 - Comment on the following statement: In a...Ch. 4 - Describe three different debit entries to the...Ch. 4 - Describe three alternative ways to dispose of...Ch. 4 - When might a company use budgeted costs rather...Ch. 4 - Prob. 4.15QCh. 4 - Which of the following does not accurately...Ch. 4 - Sturdy Manufacturing Co. assembled the following...Ch. 4 - For which of the following industries would...Ch. 4 - ABC Company uses job-order costing and has...Ch. 4 - Under Stanford Corporations job costing system,...Ch. 4 - (10 min) Job costing, process costing. In each of...Ch. 4 - Actual costing, normal costing, accounting for...Ch. 4 - Job costing, normal and actual costing. Atkinson...Ch. 4 - Budgeted manufacturing overhead rate, allocated...Ch. 4 - Job costing, accounting for manufacturing...Ch. 4 - Job costing, consulting firm. Frontier Partners, a...Ch. 4 - Time period used to compute indirect cost rates....Ch. 4 - Accounting for manufacturing overhead. Creative...Ch. 4 - Job costing, journal entries. The University of...Ch. 4 - Journal entries, T-accounts, and source documents....Ch. 4 - Job costing, journal entries. Donald Transport...Ch. 4 - Job costing, unit cost, ending work in process....Ch. 4 - Job costing; actual, normal, and variation from...Ch. 4 - Job costing; variation on actual, normal, and...Ch. 4 - Proration of overhead. The Ride-On-Wave Company...Ch. 4 - Job costing, accounting for manufacturing...Ch. 4 - Service industry, job costing, law firm. Kidman ...Ch. 4 - Service industry, job costing, two direct- and two...Ch. 4 - Proration of overhead. (Z. Iqbal, adapted) The Zaf...Ch. 4 - Normal costing, overhead allocation, working...Ch. 4 - Proration of overhead with two indirect cost...Ch. 4 - General ledger relationships, under- and...Ch. 4 - Overview of general ledger relationships. Estevez...Ch. 4 - Allocation and proration of overhead. Resource...Ch. 4 - (2530 min.) Job costing, ethics. Joseph Underwood...Ch. 4 - Job costingservice industry. Market Pulse performs...
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Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
- A job order costing system is most likely used by which of the following? a pet food manufacturer a paper manufacturing company an accounting firm specializing in tax returns a stereo manufacturing companyarrow_forwardWhich one of the following firm is likely to use job costing? A. Courier firm B. Insurance company C. Book publishing companyarrow_forwardWhich of the following would be more likely to use process costing rather than job-order costing? a.Architectural firm b.Building contractor c.Paint manufacturer d.Ship builder e.None of thesearrow_forward
- Which of the following is not considered a cost of manufacturing a product? Group of answer choices direct materials cost factory overhead cost salaries of the administrative assistants direct labor costarrow_forwardWhich of the following production operations would most likely to employ a job order costing system? a• Toy manufacturing b• Chocolate products c• Crude oil refinery d• Candy manufacturing e• None of the abovearrow_forwardWhich of the following would be most likely to use job order costing? Group of answer choices A potato chips manufacturer A housing construction company An energy drink manufacturer A paint manufacturerarrow_forward
- Which costing method is best used in the trucking industry (ABC, Job Costing, Process Costing) Give sound reasoning to explain why this method will work best for this business.arrow_forwardWhich of the following does not accurately describe the application of job-order costing? a. Finished goods that are purchased by customers will directly impact cost of goods sold. b. Indirect manufacturing labor and indirect materials are part of the actual manufacturing costs incurred. c. Direct materials and direct manufacturing labor are included in total manufacturing costs. d. Manufacturing overhead costs incurred is used to determine total manufacturing costs.arrow_forwardWhich is correct about job-order costing? a. Job-order costing would be appropriate for a textbook publisher. b. Job-order costing is mainly used in firms with homogeneous products such as oil refineries.arrow_forward
- Which of the following manufacturing costs is an indirect cost of producing a product? a.commissions for sales personnel b.memory chips for a microcomputer manufacturer c.oil lubricants used for factory machinery d.hourly wages of an assembly workerarrow_forwardWhat are the major differences between job-order costing and process costing systems? Give an example of a well-known company that might use job-costing and an example of a well-known company that might use process costing. Explain why you have chosen the companies that you did.arrow_forwardWhat is process cost, and how is it different from job order costing? What are some examples of a business or industry that would use process cost instead of job order cost?arrow_forward
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