SPEE 20 Test Bank for Managerial Accounting 1st Edition Oliver Horngren
4 views 0 purchase
Course
SPEE 20 (SPEE20)
Institution
Abacus College, Oxford
SPEE 20 Test Bank for Managerial Accounting 1st Edition Oliver Horngren/SPEE 20 Test Bank for Managerial Accounting 1st Edition Oliver Horngren/SPEE 20 Test Bank for Managerial Accounting 1st Edition Oliver Horngren
2.1-4 Which of the following companies would NOT use job order costing?
A) A lawn maintenance company
B) A legal firm
C) An auto repair shop
D) A beverage manufacturer
,2.1-5 Which of the following is an example of an industry that would use a process costing system rather than a
job order costing system?
A) Custom furniture manufacturer
B) Unique furniture accessories manufacturer
C) Paint manufacturer
D) Aircraft manufacturer
2.1-6 Job order costing is most likely used in which of the following industries?
A) Pharmaceutical manufacturing
B) Textbook publishing
C) Chemical manufacturing
D) Food and beverage manufacturing
2.1-7 Which of the following companies is most likely to use job order costing?
A) Swenson Mobil Oil Refinery
B) Hunter’s Custom Furniture Company
C) Oliver Chemical Company
D) Somody Cereal Company
,2.1-8 Which of the following statements is INCORRECT?
A) A job order costing system is used by manufacturers of heterogeneous products.
B) A process costing system is used by manufacturers of homogeneous products.
C) A service firm would likely use a job order costing system.
D) A custom home manufacturer would likely use a process costing system.
2.1-9 Which costing system would better account for a unique individual product?
A) Job order costing system
B) Product costing system
C) Process costing system
D) Variable costing system
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller VEVA2K. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $25.99. You're not tied to anything after your purchase.
