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14 16 17 40 H E17-15 Distinguishing between job order costing and process costing Following is a list of cost system curacteristics and sample
14 16 17 40 H E17-15 Distinguishing between job order costing and process costing Following is a list of cost system curacteristics and sample conques Match each to either job onder costing or process costing a. Companies that produce small quantities of many different product 1. A company that pluries wood to pulp in monerandand e. A company that manafieures thousands of identical fles d. Conques that poor large numbers of doxical prod e. A computer repair service that makes service calls to homes. K E17-17 Accounting for job costs Root Tulers job cost seconds yielded the following information Date Job No. Started Finished Sold Total Cost of Jebat July 31 1 21 Auly 16 July 17 53,400 2 June 29 July 21 13,700 3 My3 August 11 August 13 6,000 kay 7 July 29 August 1 4,400 A company that assembles electronic parts and software so man of portable media players A textbook puldishes that pendlaces copies of a particule book inches h. A company that bones milk is one-go.com A company that makes large quantities of one type of tankless bot water heaters A govemmental agency that takes hide for specific items it utilizes where each item oprepare bid. 517-3 Accounting for materials Analyze the following Taccounts to determine the aunt of direct and indirect Raw Materials Inventory Use the dates the table in identify the son of each job Compute the following balances for Roo a. Work in Proces laventory July 3 Finished Goods Inventory on July 31 e. Cost of Goods Sold for July E17-18 Recording materials and labor costs Goldcard Company males artificial flowers and reports the hillowing des for the monte $51,000 Purched Work-in-Process Inventory 35 Bel 215 thed Dire Cout of God 10 DirectLabor Manufacturing Overhead 150 40 Purchas often account Materials on Direct materi Indirect mat Labor incurred (not yet paid: Direct labe Indirect labor Journalize the movies relating to materials and labor 42,300 500 20.300 1.340
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