What are the characteristics of companies that are likely to be using job order cost system? Specify
Question:
What are the characteristics of companies that are likely to be using job order cost system?
Specify five concrete situations when use of job order cost system is most appropriate.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Companies that are likely to be using a job order cost system typically exhibit the following characteristics Customized or Unique Products Companies ...View the full answer
Answered By
Divya Munir
I hold M.Sc and M.Phil degrees in mathematics from CCS University, India and also have a MS degree in information management from Asian institute of technology, Bangkok, Thailand. I have worked at a international school in Bangkok as a IT teacher. Presently, I am working from home as a online Math/Statistics tutor. I have more than 10 years of online tutoring experience. My students have always excelled in their studies.
4.90+
0 Reviews
10+ Question Solved
Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
Question Posted:
Students also viewed these Business questions
-
Outsourcing to Indiaespecially in information technology (IT)has been going on for several decades. This case is on the final frontier of outsourcing to Indiacommercial surrogacy. Surrogacy...
-
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
-
1. What characteristics of the product or manufacturing process would lead a company to use a process costing system? Give two examples of companies that are likely to be using process costing. What...
-
Find a function (x, y) such that = (y, x).
-
What do you think about U.S. consumers paying more for light trucks and SUVs because of this?
-
One critical-thinking skill is a heightened awareness of the danger of reaching a conclusion prior to acquiring missing information that were it known would have a reasonable probability of altering...
-
6-10. Products may be sold globally in three ways. What are they?
-
A local restaurant, Freds Fish Fry, is estimating nonfood kitchen costs (labor, supervision, utilities, etc.) based on food cost. Data were gathered for the past 24 months and analyzed using a...
-
Today $5000 is deposited in an account that earns 2.5% per quarter. Additional deposits are made at the end of every quarter for the next 20 years. The deposits start at $100 and increase by $50 each...
-
What is a job-cost sheet? Prepare a comprehensive job-cost sheet of a firm having two departments.
-
Indicate whether the followings statements are True or False. (i) In job order system of costing, each order is regarded as cost unit from the point of view of cost accumulation. (ii) Process costing...
-
Execusmart Consultants has provided business consulting services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting...
-
Sketch the curves with equations given in question 3 parts a, b, c and d, labelling any stationary points with their coordinates. Data from Question 3 Find the coordinates of the points where the...
-
Trace the polygon and point P on paper. Then draw a rotation of the polygon the given number of degrees about P. 130 Q R T P S
-
Name any devices other than the three mentioned in Section 31. 1-battery, solar cell, and electric generator that can act as a power source in an electric circuit. Data from Section 31. 1...
-
A thick resistor and a thin resistor of the same length and material are connected in series, as shown in Figure 31. 29. Which resistor has \((a)\) the greater potential difference across it and...
-
Note that the amount of 25k that has already been spent on developing the website is not included in this analysis, as it represents a sunk cost. The decision rule for ARR is that a project should be...
-
Coca-Cola Bottling Co. Consolidated (CCBCC), headquartered in Charlotte, North Carolina, uses quality-control techniques to assure that the average amount of Coke in the cans is 12 ounces. It...
-
Sandcastles, Inc.s management has recently been looking at a proposal to purchase a new brick molding machine. With the new machine, the company would not have to buy bricks. The estimated useful...
-
Why are information systems vulnerable to destruction, error, and abuse? a) List and describe the most common threats against contemporary information systems. b) Define malware and distinguish among...
-
What is the business value of security and control? a. Explain how security and control provide value for businesses. b. Describe the relationship between security and control and recent U.S....
-
What are the components of an organizational framework for security and control? a) Define general controls and describe each type of general control. b) Define application controls and describe each...
-
A government bond matures in 30 years, makes semi-annual coupon payments of 6.0% ($120 per year) and offers a yield of 3.7% annually compounded. Assume face value is $1,000. Three years later the...
-
Your objective is: 1. Carry out a life insurance needs analysis, for each one of them (show your calculations) [30 Marks] 2. Refer to the case and the insurance plan quotes. Would you recommend...
-
TufStuff, Incorporated, sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company s products is a heavy - duty corrosion - resistant...
Study smarter with the SolutionInn App