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1. Which type of cost system, process or job order, would be best suited for each of the following: (a) TV assembler, (b) building contractor,
1. Which type of cost system, process or job order, would be best suited for each of the following: (a) TV assembler, (b) building contractor, (c) automobile repair shop, (d) paper manufacturer, (e) custom jewelry manufacturer? Give reasons for your answers. 2. In job order cost accounting, the three elements of manufacturing cost are charged directly to job orders. Why is it not necessary to charge manufacturing costs in process cost accounting to job orders? 3.In a job order cost system, direct labor and factory overhead applied are debited to individual jobs. How are these items treated in a process cost system and why? 4.Why is the cost per equivalent unit often determined separately for direct materials and conversion costs? 5. What is the purpose for determining the cost per equivalent unit? How are cost of production reports used for controlling and improving operations
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