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Exercise 12-1A Matching products with appropriate costing systems LO 12-1 Requir

ID: 2535722 • Letter: E

Question

Exercise 12-1A Matching products with appropriate costing systems LO 12-1 Required Indicate which costing system (job-order, process, or hybrid) would be most appropriate for the type of product listed in the left-hand column. The first item is shown as an example. (If a product uses more than one type of costing system, select the appropriete combined item from the dropdown list on the right.) Type of Product a. Coffee table b. Plastic storage containers C. | TV set d. Ship e. Potato chips f. House g. Custom-made suit h. Van with custom features i. CPA review course j. Shirts k. Pots and pans I. Apartment building m. Automobile n. Hollywood movie 0. Airplane p. Personal computer with special features Process/Hybrid Type of Costing System Process rocess ocess Job-order rocess Job-order Job-order Job-order brid rocess ocess Job-order Job-order ocess Job-order

Explanation / Answer

COFFEE TABLE -------------------------------------------------------------------------------- JOB ORDER

PLASTIC STORAGE CONTAINERS UNIT COSTNG

TV SET PROCESS COSTING

SHIP CONTRACT COSTING

POTATO CHIPS PROCESS COSTING

HOUSE CONTRACT COSTING   

CUSTOM MADE SUIT JOB ORDER COSTING

VAN WITH CUSTOM FEATURES JOB ORDER COSTING

CPA REVIEW COURSE UNIT COSTING

SHIRTS PROCESS COSTING

POTS AND PANS UNIT COSTING

APARTMENT BUILDING CONTRACT COSTING

AUTOMOBILE PROCESS COSTING

HOLLYWOOD MOVIE CONTRACT COSTING

AIRPLANE   

PERSONAL COMPUTER WITH SPECIAL FEATURES   JOB ORDER COSTING