Watch the Jelly Belly Candy Company Virtual Plant Tour at the link provided belo

Question

Watch the Jelly Belly Candy Company Virtual Plant Tour at the link provided below. After watching the series of videos, respond to the following: For the various flavors of products, would the company be more likely to use job or process costing? Rationalize your response. For the basis of overhead allocation, would the company be more likely to use a machine- or labor-based driver? Rationalize your response. Assume that overhead is underallocated by 6% for the period. Would the company be more likely to expense or capitalize this adjustment?

https://www.youtube.com/watch?v=Xa3rwBR7WyE

Explanation / Answer

For the various flavours of products the company is more likely to use job costing instead of process costing.Job costing we know is used when the products manufactured are different from one another.

For alloaction of overhead the company is more likely to use machine based driver since the manufacturing process is carried out with the help of different kind of machines

Since the production is carried out on a large scale the company is more likely to capitalise this adjustment,.

For the various flavours of products the company is more likely to use job costing instead of process costing.Job costing we know is used when the products manufactured are different from one another.

For alloaction of overhead the company is more likely to use machine based driver since the manufacturing process is carried out with the help of different kind of machines

Since the production is carried out on a large scale the company is more likely to capitalise this adjustment,.

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