Which of the following production operation would most likely to employ a job order system?

For each of the following products or services, indicate if the cost would most likely be determined using a job order costing system or a process costing system.
a. Soft drinks
b. Automobile repairs
c. Customized furniture
d. Aluminum foil
e. Lawn chairs
f. Chocolate candy bars
g. Hospital surgery
h. Pencils

S.No.	Particulars	Classification of costing system
A	Soft drinks	Process costing system
B	Automobile repairs	Job order costing system
C	Customized furniture	Job order costing system
D	Aluminium foil	Process costing system
E	Lawn chairs	Process costing system
F	Chocolate candy bars	Process costing system
G	Hospital surgery	Job order costing system
H	Pencils	Process costing system

1. Which of the following statement(s) about just-in-time (JIT) inventory

management is (are) true?

I.The emphasis of JIT is on "pull" manufacturing.

II.Raw materials are purchased just in time to be used in production.

III.JIT is an inventory technique that focuses on reduction of both

inventory and related inventory costs.

A.I only.

B.II only.

C.III only.

D.I, II, and III.

2. Cost management systems tend to focus on an organization's:

A.machines.

B.employees.

C.activities.

D.customers.

3. The process of establishing objectives or goals for the firm and determining the

means by which they

will be met is:

a. controlling.

b. analyzing profitability.

c. planning.

d. assigning responsibility.

4. A(n) __________ requires estimating inventory balances during the year for interim

financial

statements and shutting down operations to count all inventory items at the

end of the year.

a. periodic inventory system

b. inventory control account

c. perpetual inventory system

d. inventory cost method

A periodic inventory system requires a company to make estimates of

inventory balances throughout the year, and a complete physical count of

Published 12.03.2022 16:55 on the subject English by abyzwlye

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Which of the following production operations would be most likely to employ a job order system of cost accounting?

ANS: C Printing would be most likely to employ a job order system of cost accounting due to the number of custom jobs involved.

Which type of business would most likely to use a job order?

Companies in the white-collar sector of business, including law firms, accounting businesses, and private investment companies, can utilize job order costing to manage individual client accounts. For example, accounting firms can consider each individual client a job.

Which type of business would be most likely to use a job order costing system Mcq?

Answer and Explanation: The correct answer is C. Chemical producer. This type of costing measurement is commonly used by manufacturing companies that mass produce products which are identical.

What is job order production accounting?

Home » Accounting Dictionary » What is Job Order Production? Definition: Job order production is the process of manufacturing custom or unique products for specific customers.

Which of the following best explains how treatment with a drug that stimulates the production of insulin receptors on target cells will affect the insulin signaling pathway?

Which of the following production operation would most likely to employ a job order system?

Which of the following production operations would be most likely to employ a job order system of cost accounting?

Which type of business would most likely to use a job order?

Which type of business would be most likely to use a job order costing system Mcq?

What is job order production accounting?

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