For which of the following businesses would the job order cost system be appropr
ID: 2547704 • Letter: F
Question
For which of the following businesses would the job order cost system be appropriate?
a.canned soup processor
b.hospital
c.lumber mill
d.oil refinery
2-
Which of the following systems provides for a separate record of the cost of each particular quantity of product that passes through the factory?
a.general cost system
b.job order cost system
c.replacement cost system
d.process cost system
3-
Recording jobs completed would include a credit to
a.Factory Overhead
b.Work in Process
c.Cost of Goods Sold
d.Finished Goods
Explanation / Answer
1. For which of the following businesses would the job order cost system be appropriate?
Answer B - Hospital
2. Which of the following systems provides for a separate record of the cost of each particular quantity of product that passes through the factory?
Answer B - Job Order Cost System
3.Recording jobs completed would include a credit to
Answer B - Work in Process
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