JOB, PROCESS, AND HYBRID COSTING Form groups of three to six students. For each of the following production processes, assess whether a job-cost, process-cost, or hybrid cost system is most likely to be used to determine the cost of the product or service. Also, explain why you think that system is most logical. Use the internet to obtain background information about the companies in items (a) to (h). (This can be done by individuals, but it is a much richer experience when done as a group, because the knowledge and judgment of several students interact to produce a much better analysis than can a single student.)

1. Production of Cheerios by General Mills.

2. Production of a sport utility vehicle by Toyota.

3. Processing an application for life insurance by Sun Life Financial.

4. Production of a couch by Kroehler.

5. Building of a bridge by Kiewit Construction Co.

6. Production of gasoline by the Come by Chance Refinery.

7. Production of 200 copies of a 140-page course packet by Fedex Kinko’s.

8. Production of an icebreaker by Irving Shipbuilding.