AC202Quiz5DWAKey1. Which of the following characteristics does not usually apply to process manufacturing systems?A.Each unit of product is separately identifiable.B.Partially completed products are transferred between processes.C.Different managers are responsible for different processes.D.The output of all processes except the final process is an input to the next process.E.All of these are characteristics of process manufacturing systems. Show
AACSB: AnalyticAICPA BB: IndustryAICPA FN: Decision MakingBloom's: UnderstandDifficulty: MediumLearning Objective: C1 Explain process operations and the way they differ from job order operations.Wild - Chapter 20 #702. Equivalent units of production are equal to: Asked by MateStraw15154 Cost accounting Image transcription text 4. Which of the following characteristics applies to process costing, but does not apply to job order costing? * m (3 Points) O The need for averaging rate for cost terms The use of equivalent units of production The use of rate overhead rates none of answers are
correct Answer & Explanation Solved by verified expert Answered by WilliamOkello m risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lec Fusce dui lectus, congue vel laoreet acu s ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscin Unlock full access to Course Hero Explore over 16 million step-by-step answers from our library Subscribe to view answer Step-by-step explanation cing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie co rem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam ris et, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio Donec a gue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, conse  JOB ORDER COSTING TRUE/FALSE 1.A company that produces sugar will use a job order costing system to track production costs. ANS:F 2.A company that produces sugar will use a process costing system to track production costs. ANS:T 3.A company that manufactures custom bridal gowns will use a job order costing system to track production costs ANS:T 4.A company that manufactures custom bridal gowns will use a process costing system to track costs. ANS:F 5.A company that manufactures small quantities of identifiable products will use a job order costing system ANS:T 6.A company that manufactures small quantities of identifiable products will use a process costing system ANS:F 7.A company that manufactures large quantities of homogenous goods will use a process costing system. ANS:T 8.In an actual job order costing system, factory overhead is assigned to a job on a periodic basis. ANS:T 9.A company that manufactures large quantities of homogenous goods will use a job order costing system. ANS:F 10.Cost flows and physical flows of units are identical. ANS:F Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. 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Why is this page out of focus?This is a Premium document. Become Premium to read the whole document. Which of the following characteristics applies to process costing but does not apply to job order?Answer and Explanation: (e) Use of standard costs applies to process costing but not to job costing.
Which of the following does not apply to process costing?The correct answer is c.
Process costing is not applicable to heterogeneous products because they are unique products.
What are the specified characteristics of job costing?A business that applies costing method usually has the following characteristics: Production is carried out based on the customer's specification. Products are manufactured in distinguishable lots. Products produced are of not uniform nature.
Which of the following characteristics does not usually apply to process operations?Which of the following characteristics does not usually apply to process operations systems? Each unit of product is separately identifiable.
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Which of the following characteristics does not apply to job order cost accounting?
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