Universal Robina Corporation is the leading branded snack food and beverage company in the

Philippines. Their product lines include snacks, like chips, bakery goods such as biscuits and

cookies, and confectionaries under Jack n' Jill like Nips, Cloud 9, and Wiggles, and instant cup

noodles by Nissin. For beverages, Universal Robina has Danone, Vitasoy, and C2, which is the

first ready-to-drink tea in the Philippines. Other than those beverages, they also manufacture

coffee mixes particularly, Great Taste, Blend 45, and Cream All.

Their megabrand, Jack n' Jill, is in partnership with Japan's biggest snack maker, Calbee, to

form Jack n' Jill Calbee, which was then introduced to the Philippine market in the year 2014.

Jack n' Jill Calbee is selling chips like the Jack n ' Jill Calbee Potato Chips, Jack n' Jill Jagabee,

and Jack n' Jill Calbee Pizza Potato. URC has been in the industry since 1954, and still continues

to be one of the leading players in the snack food market in the Philippines.

1. Would Universal Robina Corporation be more likely to use process costing or job order costing? Why?

2 Identify the types of inventory accounts used by URC. Are all these the same or different from

what you've learned in the discussions? What evidence supports your conclusion? 3. Identify the accounts in computing the URC's cost of sales. Are all these the same or different from what you've learned in the discussions? What evidence supports your conclusions?

4. What are those manufacturing overhead costs assigned to cost objects? Are all these the same or different from what you've learned in the discussions?

5. From a financial reporting standpoint, why does the company need to assign manufacturing overhead costs to cost objects?