Give an example of a product that would most likely be manufactured using a process cost system and give an example of a product that would most likely be manufactured using a job order cost system (don't use the book examples.)

Which of the following is a method used to allocate overhead costs based on the activities that drive those costs? A) Job costing B) Process costing C) Activity - based costing (ABC) D) Variable costing

Activity-based-costing (ABC) can: Group of answer choices   make managers realize that only products determine company profitability.   only be used in a process costing system and not in a job order costing system.   be used to determine the cost of direct materials and direct labor.   be used with either a job order or a process costing system.

Which of the following are the two main types of cost accounting systems for manufacturing operations? Oa. a. job order cost and process cost systems Ob. process cost and general accounting systems Oc. process cost and replacement cost systems Od. job order and general accounting systems

Would a PROCESS COSTING SYSTEM be ideal for a clothing line business? With regard to process costing, discuss some of the accounting issues that will need to addressed --again, with regard to process costing.  How would one determine the unit cost of the product  -- what are the components of the unit cost?  What are some examples of the overhead costs?  How would one calculate the predetermined overhead rate?

Job costing is defined by cost accumulation and cost measurement that support the strategic role of costing and cost flows. Managing costs is a main duty of a cost accountant. Discuss how the concepts of cost accumulation and cost measurement apply to direct, indirect, and manufacturing overhead costs when using job costing. Include an example of your thinking.

Describe and illustrate a job order cost accounting system for a manufacturing business.

Job order costing and process costing both: a. All the given answers are correct. b. both allocate applied manufacturing overhead cost to product cost. Oc. assign direct materials cost, direct labor cost, and manufacturing overhead costs to products. O d. use the same manufacturing accounts, including Manufacturing Overhead, Raw Materials, Work in Process, and Finished Goods. e. compute product cost per unit in the same manner.

Please explain:: What is the purpose of an overhead rate What are the steps to apply the overhead cost to a product What does it represent when the overhead cost for over-applied

Think about a service you have been involved with and describe how job-costing might be implemented by that service provider, including overhead and stating where costs would fall.