Which of the following types of firms would most likely use job-order costing? H

Question

Which of the following types of firms would most likely use job-order costing? Happy-Oh Cereal Company Huey, Louis & Duey Attorneys So Sweet Beverage C-5 Cement Company Which of the following is a characteristic of a manufacturing environment that would use job-order costing? Standardized production process Continuous manufacturing Homogenous products Differentiated production The cost of materials used on a specific job is first captured on which source document? Cost driver sheet Materials requisition form Labor time ticket Process cost sheet

Explanation / Answer

2. As job order costing is used in comoanies having non standard differentiated product & service, Huey Louis & Duey Attorneys would most likely use job costing as each case handled will be having different cost parameters and will not be uniform.

So option is B.

3. Differentiated production is a manufacturing environment that would use job costing as each job will be different requiring cost pooling based on each separate job.

So option is D.

4. Material requisition form is a source document on which materials used on a specific job is first captured.

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