one or two sentences for each question 1-10

Discussion Questions 1. Which type of cost system, process or job order,5. What is the purpose for determining the cost per would be best suited for each of the following (a) TV assembler (b) building contractor (c) automobile repair shop, (d) paper manufacturer and (e) custom jewelry manufacturer? Give reasons equivalent unit? 6. Rameriz Company is a process manufacturer with two production departments, Blending and Filling. All direct materials are introduced in Blending from the materials store area. What is included in the cost 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 manufac- turing costs in process cost accounting to job orders? transferred to Filling? production controlling and improving operations? 7. What is the most important purpose of the cost of report? 8. How are cost of production reports used for 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 9. How is "yield determined for a process manufac- and why? turer? 4. Why is the cost per equivalent unit often determined 10. How does lean manufacturing differ from the separately for direct materials and conversion costs? conventional manufacturing process? ractice Exercises