JustAnswer > Finance
Ask A Question|Register|Login|Help
JustAnswer

Finance

Ask a Finance Question, Get an Answer ASAP!

Have your own Finance question?

3 Financial Professionals are Online Now
characters left:
Not a Finance Question?

Related Finance Topics:

  • Manufacturing
  • ,
  • Contractor
  • ,
  • Sizes
Bookmark and Share

Question

What type of cost system, process or job order, would be best suited for each of the following: (a) TV assembler, (b) building contractor, (c) automobile repair shop, (d) paper manufacturer, and (e) custom jewelry manufacturer? Give reasons for your answers.

Submitted: 138 days and 17 hours ago.
Category: Finance
Value: $9
Status: CLOSED

Accepted Answer

If you are satified accept it and leave positive feedback.

 

 

 

a. TV Assembler: As different sizes of TV sets are made but not according to the customer specification. Therefore batch process costing should be used.

 

b. Building Contractor: As each contract is different from other and buildings are made according to the specification of the customer therefore job order costing should be used.

 

c. Automobile repair shop: As each auto which is repaired requires different parts and each repair is of different duration therefore job order costing should be used.

 

d. Paper manufacturing: As the paper is made in bulk quantity and the product is of homogeneous nature and all goods are not made according to the specification of customer therefore process costing should be used.

 

e. Custom Jewelry manufacturer: As each and every order for jeweler to be made is different form other therefore job order costing should be used.

Picture
Expert: Haider
Pos. Feedback: 100.0 %
Accepts: 
Answered: 7/8/2009

Tutor

Doing CAT

Related Finance Questions

  • In general revenue recognition guidelines are broad, somethi...
  • why should payroll be included in your HCM solution
  • I'm doing a cash flow statement-Indirect format Plant an...
  • Dixie Tours Inc. buys on terms of 2/15, net 30 days. It does
  • is divorce a option in preserving assets in alzheimers nursi...
  • I have a seasonal business & I have help that works anywhere
  • A $1000 par value bond was issued 25 yrs ago at a 7% coupon
  • B20. (Constant growth model) Medtrans is a profitable firm



Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.
Question List | Become an Expert | Terms of Service | Security & Privacy | About Us
© 2003-2009 JustAnswer Corp.