Which of the following types of companies would typically use process costing rather than job-order costing? Select one: a. A small appliance repair shop. b. A manufacturer of commercial passenger aircraft. c. A specialty equipment manufacturer d. A breakfast cereal manufacturer. Question 2 Not yet answered Marked out of 1.00 Flag question Conversion cost is made up of Select one: a. Direct Material + Direct Labor b. Predetermine overhead c. Manufacturing Overhead + Direct Materials d. Direct Labor + Manufacturing overhead For the current period, Jones started 15,000 units and completed 10,000 units, leaving 5,000 units in process 30 percent complete. How many equivalent units of production did Jones have for the period? Select one: a. 10000 b. 15000 c. 11500 d. 13500 A process costing system is employed in those situations where: Select one: a. where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis. b. a service is performed such as in a law firm or an accounting firm. c. full or absorption cost approach is not employed. d. many different products, jobs, or batches of production are being produced each period. Which of the following statements about processing costing is false? Select one: a. Process costing accumulates costs by department. b. Process costing systems compute unit costs by department c. Process costing assigns departmental costs uniformly to all identical units that pass through the department during a period d. Process costing is used when a company produces a continuous flow of units that are distinguishable from one another