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3 years ago

A company should use process costing, rather than job order costing, if:

Business

1 answer:

dolphi86 [110]3 years ago

8 0

Answer:

The product is composed of mass produced homogenous units.

Explanation:

Process costing is utilized when there is a large production of products that have similar features. In process costing the cost of each product produces is equivalent to the cost of other products. Example of products that undergo process costing include:chemicals, processed foods, textiles, paper, oil refinery, soap.

In process costing, the finished product gotten from each stage becomes the raw material of the next stage till the last stage of completion.

The production of product in process costing is continuous and the final product derived from the production process is as a result of a sequence of processes.

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Answer:

It's A.

Explanation:

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3 years ago

Read 2 more answers

During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follo

Daniel [21]

Answer:

The total revenue Solitare would report over the two months is $99 with a gross loss of $11.74

Explanation:

Particulars Amount ($)

Sales (January & February)

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Less: Discount allowed to Wizard Inc $1 ($50 * 2%)

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2 years ago

Which type of soil is on the bottom? Why?

Maurinko [17]

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3 years ago

The ledger of American Company has the following work in process account. Work in Process—Painting 5/1 Balance 3,690 5/31 Transf

liubo4ka [24]

Answer:

How many units are in process at May 31?

physical units ending WIP: 740

equivalent units WIP materials: 740

equivalent units WIP conversion: 296

Explanation:

We will add the beginning and started units, then subtract the trasnaferrd out to get the ending WIP inventory.

physical units:

beginning 490

started 1,650

transferred-out (1,400)

ending 740

Now we will multiply by the percentage of completion to get the equivlent units of WIP on each category:

equivalent units for ending WIP:

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3 years ago

Jim has a full-time job and occasionally designs Web sites for individuals and businesses. At the end of the year, Jim files his

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A) Yes, because the government requires individuals to report income earned from an employer and other sources.

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3 years ago