Cost Accounting?

Determine if the following are job costing or process costing?

a. A CPA firm
b. An oil refinery
c. A custom furniture manufacturer
d. A tire manufacturer
e. A textbook publisher
f. A pharmaceutical company
g. An advertising agency
h. An apparel manufacturing plant
i. A flour mill
j. A paint manufacturer
k. A medical care facility
l. A landscaping company
m. A cola-drink-concentrate producer
n. A movie studio
o. A law firm
p. A commercial aircraft manufacturer
q. A management consulting firm
r. A breakfast-cereal company
s. A catering service
t. A paper mill
u. An auto repair shop

Answers:
Job Costing
---------------------
A CPA firm
An advertising agency
A custom furniture manufacturer
A medical care facility
A cola-drink-concentrate producer
A landscaping company
A law firm
A commercial aircraft manufacturer
A management consulting firm
A catering service
An auto repair shop



Process Costing
------------------------------...
An oil refinery
A pharmaceutical company
A paint manufacturer
A movie studio
A paper mill


Either Job or Process can be applied
[Depends on the Choice of the organisation]
------------------------------...
A textbook publisher
A tire manufacturer
An apparel manufacturing plant
A flour mill
A breakfast-cereal company

========================

In most cases where process costing is applied, job costing can be adopted as an alternative. What is used is dependent on the choice of the organisation

http://www.futureaccountant.com/process-...

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