Which of the following is typically a job-order costing firm?a. Paint manufacturerb. Pharmaceutical manufacturerc. Cleaning products manufacturerd. Cement manufacturere. Large regional medical center

True or false In a job costing system companies must accumulate costs and then assign costs to each job.

Ore

Identify each item as job order costing or process costing.   Job/Process       One Work-in-Porcess Inventory account.     Production cost reports     Cost accumulated by process     Job cost sheets     Manufactures homogenous products     Multiple Work-in-Porcess Inventory accounts.     Costs transferred at the end of the period     Manufactures batches of unique products or provides specialized services.

For following products and services, indicate whether it is more likely produced in a processoperation (P) or in a job order operation (J). House paints

Activity-based costing can be beneficial in allocating selling and administrative expenses to various products for managerial decision making. Which of the following would be the best allocation base for help desk costs? a. number of sales employees Ob. number of products sold c. number of calls Od. square footage of the help desk office

For following products and services, indicate whether it is more likely produced in a processoperation (P) or in a job order operation (J). Lawn chairs

Which one of the following is not correct about job-order costing systems and process costing systems? O a Job order costing systems and process costing systems use similar manufacturing accounts. O b. None of the given answers Oc In process costing systems cost accumulation is done on a department basis. Od. Job order costing systems and process costing systems have different flow of costs through manufacturing accounts, O e. Job order costing systems normally used when there are varieties of products to produced. Which one of the following is not correct regarding the predetermined overhead rate? O a The predetermined overhead rate is normally calculated at the beginning of the period. Ob. The predetermined overhead rate is used to assign manufacturing overhead costs to cost objects such as products. OC None of the given answers. O d. The predetermined overhead rate uses actual figures for the manufacturing overhead cost but estimated figures for the cost allocation basis amount. O…