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Indicate whether an Electric Utility Company is most likely to use job-order cos

ID: 2412283 • Letter: I

Question

Indicate whether an Electric Utility Company is most likely to use job-order costing or process O Job-Order Costing OProcess Sosting costing: Question 2 Indicate whether a Frozen Orange Juice Manufacturing company is most likely to use job-order costing or process costing: Job-Order Costing Process Costing Question 3 Indicate whether a Specialty Coffee Roasting Company (roasts small batches of specialty coffee beans) is most likely to use job-order costing or process costing: Job-Order Costing Process Costing

Explanation / Answer

1) process costing

2) process costing

3) job order costing

4) process costing

5) job order costing

Process costing - producing of like units in continuous flow

Here Costs are computed only after expiry of particular cost period

Costs that are accumulated and is applied process wise or the department wise

Job order costing - goods are to be manufactured against specific order

Costs that are to be accumulated and applied to specific jobs

In this costs are computed only after every job is completed

Thank you