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5. Which of the following statements is true? (a) Job order costing requires less data entry than process costing. (b) Allocation of overhead is easier

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5. Which of the following statements is true? (a) Job order costing requires less data entry than process costing. (b) Allocation of overhead is easier under job order costing than process costing. (c) Job order costing provides more precise costing for custom jobs than process costing. (d) The use of job order costing has declined because more companies have adopted automated accounting systems. 6. Identify whether each business listed in the following would use job costing or process costing: Job costing Process costing Trash bag manufacturer Custom furniture manufacturer Shampoo manufacturer Sports drink manufacturer Antique boat restorer Indicate which of the following statements is not correct. Both a job order and a process cost system track the same three manufacturing cost ments- direct materials, direct labor, and manufacturing overhead. job order cost system uses only one work in process account, whereas a process cos

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