Which of the following companies is LEAST likely to use a job costing system?

	A.	Breakfast cereal manufacturer
	B.	Commercial aircraft producer
	C.	A custom jewelry manufacturer
	D.	A law firm

Davies Manufacturing uses the weighted average method in its operations and shows the following information for its first processing department:

		Percent Complete
	Units	Materials	Conversion
Work in process, beginning	300	85%	40%
Started into production	9,100
Completed and transferred out	8,700
Work in process, ending	700	80%	20%
		Materials	Conversion
Work in process, beginning		$7,545	$4,900
Cost added during August		$240,300	$242,400

Assume the number of equivalent units for Materials is 9,300. What is the cost perequivalent unit for Materials?

	A.	26.60
	B.	25.84
	C.	26.65
	D.	26.06

Having watched the video, How Jeans are Made, which of the following allocation bases would be best for allocating overhead?

	A.	Machine hours because the jeans are made mostly by machine
	B.	Direct labor hours because there is a large amount of labor that goes into making the jeans
	C.	Square footage because each production process uses a significant amount of space

According to the activity, Product or Period, the salary of Manoj Bhargava would be classified as:

	A.	A product cost
	B.	A period cost
	C.	Neither A or B
	D.	Both A and B

Having watched the video, How Jeans are Made, which costing method would be best for costing out jeans?

	A.	Process costing since the jeans are identical and produced in a continuous process.
	B.	Job order costing since the jeans are produced in batches of specialized styles.
	C.	Activity-based costing since clearly there was a significant amount of overhead being consumed by the jeans.