Distinguish the following firms costing systems (Process or Job Costing)     An oil refinery   A custom furniture manufacturer   A tire manufacturer   A textbook publisher   A pharmaceutical company   An advertising agency   An apparel manufacturing plant   A flour mill   A paint manufacturer   A medical care facility

1. One of the products Al-Can Products, Inc. manufactures for their rest stops are benches. Perform the following tasks to classify and record common manufacturing costs. 2. The production of the rest stop benches requires the following costs. For each cost, determine how the cost should be classified by placing an X in the appropriate column. Wages of factory supervisor Rent of company headquarters Lumber to manufacture benches Factory property taxes Bench inspector wages Wages for the marketing manager Cleaning supplies to maintain equipment Wages of production employees Stain for the benches Direct Materials Direct Factory Labor Overhead None

Which of the following are actual factory overhead allocation methods? a. factory costing, single plantwide rate, and activity-based costing methods b. single plantwide rate, multiple production department rates, and activity-based costing methods Oc c. factory costing, single plantwide rate, and multiple production department rate methods Od. multiple production department rates, activity-based costing, and factory costing methods

Companies can choose from different costing methods: process/product costing and activity-based costing. Think about a company, What are some ABC cost drivers the company might use?