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ACCT 505 WEEK2 QUIZ
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ACCT 505 WEEK2 QUIZ 1. (TCO B) Some companies use process costing and some use job-order costing. Which method a company uses depends on its industry. Several companies in different industries are listed below. i. Specialty coffee roaster (roasts small batches of specialty coffee beans) ii. Custom aircraft builder iii. Brick manufacturer iv. Microbrewery that produces a number of specialty beers v. Steel company making chain link fences from iron ore vi. Breakfast cereal manufacturer For each company, indicate whether the company is most likely to use job-order costing or process costing. (Points : 15) 2. (TCO B) Job 728 was recently completed. The following data have been recorded on its job cost sheet.
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