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- A job cost accounting system is suitable for similar products that are mass produced. True FalseA 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 companyWhich is not a step in analyzing the cost driver for manufacturing overhead? A. Identify the cost B. identify non-value-added costs C. analyze the effect on manufacturing overhead D. identify the correlation between the potential driver and manufacturing overhead
- please discuss how job order cost information is used in decision-making. What are some possible reasons that actual cost of materials would exceed expected costs for a job?A job order cost system records and summarizes manufacturing costs by jobs? True FalseProvide an example of a manufacturing business that generally would use a job order cost system?
- Provide an example of a manufacturing business that generally would use a job order cost system? ExplainDescribe a situation in which you would use job order costing information for a product. What specific costs would be on the job order costing sheet? What is a service that might utilize job order costing?Identify the best description of job order costing. A practice of substituting an expected cost for an actual cost in the accounting records. A method of costing used mainly in manufacturing where units are continuously mass-produced through one or more process. A costing system of assigning the cost of production to a specific manufacturing job and will be used when each output is different from others. A method of calculating the cost of a product or enterprise by considering indirect expenses as well as the direct costs.
- How is the predetermined factory overhead rate used in job order costing to help management and pricing jobs? In addition, explain the current process for job order costing and how factory overhead is treated. Provide as much detail as possible, and include an example if possible. Thank you so much!Compare and contrast job order costing with one other type of cost accounting system. Then, describe how a job order cost system can be used in both manufacturing and professional services types of businesses.A job order costing system would probably be appropriate for a firm that produces a. automobiles.b. stained glass windows.c. DVDs.d. microcomputers.e. none of the above.
