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
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