What type of cost accounting system would be most appropriate to be used by a graduation invitation printing company? Group of answer choices Not enough information to determine Preplacement cost system Process cost system Job order cost system

Discuss how the predetermined factory overhead rate can be used in job order cost accounting to assist management in pricing jobs. Why use a predetermined factory overhead rate ?

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

Provide an example of a manufacturing business that generally would use a job order cost system?

A job order cost system identifies costs with a particular job rather than with a set time period. True False

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?

What is Job Order Costing, and what are some examples of industries or businesses that would use Job Order Costing?

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.

What 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.