A) a health-care provider B) a music production studio C) a paint manufacturer D) a home remodeling contractor 7) Which of the following is a reason why a job order costing system is appropriate for a custom furniture manufacturer? A) The cost incurred for each job will differ as per the order specifications. B) The direct costs incurred for each job are the same, only indirect costs vary. C) The raw materials used have already been accounted for using process costing. D) The products are sold to different customers. 8) Which of the following statements is true? A) A process costing system would be used by manufacturers of custom-made perfumes. B) A job order costing system would be used by manufacturers of baking utensils. C) A construction company would likely use a process costing system. D) An accounting firm would likely use a job order costing system. 9) Which of the following businesses is most likely to use a process costing system? A) a baker producing cakes to order B) a legal service provider C) an audit service provider D) a candy manufacturer 10) Cost accounting systems are used: A) to accumulate product cost information. B) to accumulate and assign period costs to products. C) by manufacturing companies, not service companies. D) by stockholders for decision-making purposes. 11) Which of the following is the correct order of the four steps of tracking product costs? A) Assign - Accumulate - Allocate - Adjust B) Accumulate - Assign - Allocate - Adjust C) Adjust - Allocate - Accumulate - Assign D) Allocate - Adjust - Accumulate - Assign 12) When raw materials are requisitioned for a job, the Raw Materials Inventory account is debited. (T /F )