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Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: Raw materials

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Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company's inventory balances were as follows: Raw materials Work in process Finished goods $26.000 $14, eee $32,000 The company applies overhead cost to jobs on the basis of machine-hours. For the current year, the company estimated that it would work 38,000 machine-hours and incur $153,900 in manufacturing overhead cost. The following transactions were recorded for the year: a. Raw materials were purchased on account: $240,000 b. Raw materials were requisitioned for use in production: $210,000 (90% direct and 10% Indirect) c. The following costs were incurred for employee services: Direct labour Todirert Tahun $176, eee 31 AAA Which would be more appropriate in each of the following organizations-job-order costing or process costing? a. C Job-order costing Process costing A custom home builder. b. A music producer A website designer. d. A business consultant An airline f A paper towel manufacturer. An auto repair shop h. A dairy processing plant. A real estate developer A pulp and paper manufacturer k. A law firm 1 A sunscreen manufacturer 0

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