4. What type of costing system would be used on the below?Job-orderorProcess

Type of Product

Type of Costing System

Non-customized Coffee table

House designed based on client requests

Custom made suit

Standard Automobile

Potato Chips

5. Smith Corporation reported the following operating results for two consecutive years:

2018

2017

Percentage Change

Sales

$1,200,000

$1,000,000

Cost of goods sold

720,000

640,000

Gross Margin

$480,000

$360,000

Operating expenses

200,000

160,000

Income before taxes

$280,000

$200,000

Income taxes

56,000

40,000

Net income

$224,000

$160,000

Calculate the horizontal analysis.

Present % rounded to the nearest number. For example, 11.2 would be 11% while 11.5 would be 12%.

6. An investment center of Smith Corporation shows an operating income of $7,500 on total operating assets of $125,000.

In contrast, an investment center of Jones Corporation shows an operating income of $9,000 on total operating assets of $115,000.

Compute the return on investment for each company.

Smith Corporation ROI =answer as a whole number %. For example, 2%

Jones Corporation ROI =answer as a whole number %. For example, 2%

Which company would you say has the better performance?SmithorJones