Description of job order or process costing

Assignment Help Accounting Basics
Reference no: EM13122446

Which of the following describes job order or process costing?

a. Job order costing would be used in chemical manufacturing plants

b. Process costing would be used in a machine shop manufacturing custom products.

c. The cost of each job would be maintained in individual records for job order costing.

d. THe cost of each process would be calculated in advanced for job order costing.

Reference no: EM13122446

Questions Cloud

Determining convex and concave functions : Which of the following is the complete set of numbers for which the function f(x) = 3x^3-6x^2 is convex?
Discrete random variable with probability mass function : Discrete random variable with probability mass function, 1) Let X be a discrete random variable with probability mass function Pr{X=k}= c/(1+(k^2)) for k= -2,-1, 0, 1, 2.
Information about principal ideal domain : Let R be a principal ideal domain and a, b, in R, not both zero. Prove that a, b have a greatest common divisor that can be written as linear combination of a and b.
Calculate the moles of ar present : A 363 mL container holds 0.146 g of Ne and an unknown amount of Ar at 35°C and a total pressure of 636 mmHg. Calculate the moles of Ar present.
Description of job order or process costing : Which of the following describes job order or process costing?
Illustrate what bid price per stamp should you submit : All net working capital will be recovered when the project ends. Your production costs are 0.38 cents per stamp, and you have fixed costs of $608,000 per year. Your tax rate is 31 percent and your required return on this project is 11 percent. Il..
A fast food outlet has an average of cars : A fast food outlet has an average of 8 cars at the drivethrough during "lunch rush" 11am-1pm. On average, 2 cars per min. arrive at the resaurant parking lot, and consider the drivethrough
Computing the linear function : Differentiate between a function and a linear function. Describe the mathematical equation of a standard linear function. Describe how to compute the slope of a line.
Calculate the boiling point of the solution : A solution is prepared by dissolving 27.1 g urea, (NH2)2CO, in 171.2 g water. Calculate the boiling point of the solution. Urea is a nonelectrolyte.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd