$121,600 $18,000 $20,200 below, 12. Using the information below, compute the raw
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$121,600 $18,000 $20,200 below, 12. Using the information below, compute the raw materials nVel Raw Materials Used Beginning Raw Materials Inventory Ending Raw Materials Inventory ) 6.76. ) 6.02 c) 54.0. d) 60.6 e) 6.37 13. The two basic types of cost accounting systems are: a) Job order costing and perpetual costing. b) Job order costing and customized product costing c) Job order costing and customized service costing. d) Job order costing and process costing. e) Job order costing and periodic costing. 14. A compary that makes which of the following types of products would best be suited for a job costing system? a) Fruit juice b) Bathing suits c) Snack chips d) Compact discs e) Custom jewelry 15. The target cost for a job using job costing is calculated as: a) direct costs +desired profit b) direct costs -desired profit c) expected selling price- direct costs d) expected selling price - desired profit e) expected selling price + desired profit 16. Large aircraft producers such as the Boeing Company normally use: a) Job order costing. b) Process costing c) Mixed costing d) Full costing e) Simple costing.Explanation / Answer
13. d) Job order costing and Process costing are two main costing systems. Job order costing will accounts cost for each job and process-costing accounts cost for each process of manufacture.
14. e) Custom Jewelry; Job order costing can be best suited for Custom jewelry. Job costing cannot be easily done on compact discs, snack chips, bathing suits, and fruit juice.
15. d) Expected Selling Price – Desired Profit
16. a) Job Order Costing. Because they allocate cost based on Job rather than process
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