Match the list of cost system characteristics and sample companies use either job order costing or process costing .

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Chapter 17, Problem 15E

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Match the list of cost system characteristics and sample companies use either job order costing or process costing.

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Distinguishing between job order costing and process costing Following is a list of cost system characteristics and sample companies. Match each to either job order costing or process costing. a. Companies that produce small quantities of many different products. b. A company that pulverizes wood into pulp to manufacture cardboard. c. A company that manufactures thousands of identical files. d. Companies that produce large numbers of identical products. e. A computer repair service that makes service calls to homes. f. A company that assembles electronic parts and software to manufacture millions of portable media players. g. A textbook publisher that produces copies of a particular book in batches. h. A company that bottles milk into one-gallon containers. i. A company that makes large quantities of one type of tankless hot water heaters. j. A governmental agency that takes bids for specific items it utilizes where each item requires a separate bid.

Distinguishing between job order costing and process costing Following is a list of cost system characteristics and sample companies. Match each to either job order costing or process costing. Companies that produce small quantities of many different products. A company that pulverizes wood into pulp to manufacture cardboard. A company that manufactures thousands of identical files. Companies that produce large numbers of identical products. A computer repair service that makes service calls to homes. A company that assembles electronic parts and software to manufacture millions of portable media players. A textbook publisher that produces copies of a particular book in batches. A company that bottles milk into one-gallon containers. A company that makes large quantities of one type of tankless hot water heaters. A governmental agency that takes bids for specific items it utilizes where each item requires a separate bid.

Which of the following is true of job order cost systems? a.Job order cost systems provide product costs for each manufacturing department or process. b.Examples of companies that use job order cost systems would be oil refineries, paper producers, chemical processors, and food processors. c.Job order cost systems are not widely used. d.Job order cost systems are often used by companies that manufacture custom products for customers or batches of similar products.