Choose one of the process costing questions below. Explain your response in a paragraph or tow.
1. Define process costing and describe the types of companies that use process costing.
2. How does a process cost system differ from a job costing system?
3. Would a lumber mill use process or job costing?
4. What is the basic information conveyed by a production cost report?
5. Would an automobile plant that makes specialty race cars use job costing or process costing? Would an automobile plant that makes all terrain vehicles use job costing or process costing? Explain your answer.
6. Does The Coca-Cola Company use a process cost system or a job costing system in its bottling plants? Why?
Licenses and Attributions CC licensed content, Shared previously
Accounting Principles: A Business Perspective. Authored by: James Don Edwards, University of Georgia & Roger H. Hermanson, Georgia State University. Provided by: Endeavour International Corporation. Project: The Global Text Project. License: CC BY: Attribution
"Process Costing Essay Questions" by Gary E. Ford, ACCT 102 Principles of Accounting, Tompkins Cortland Community College is licensed under CC BY 4.0
1. Define process costing and describe the types of companies that use process costing.
2. How does a process cost system differ from a job costing system?
3. Would a lumber mill use process or job costing?
4. What is the basic information conveyed by a production cost report?
5. Would an automobile plant that makes specialty race cars use job costing or process costing? Would an automobile plant that makes all terrain vehicles use job costing or process costing? Explain your answer.
6. Does The Coca-Cola Company use a process cost system or a job costing system in its bottling plants? Why?
Licenses and Attributions CC licensed content, Shared previously
Accounting Principles: A Business Perspective. Authored by: James Don Edwards, University of Georgia & Roger H. Hermanson, Georgia State University. Provided by: Endeavour International Corporation. Project: The Global Text Project. License: CC BY: Attribution
"Process Costing Essay Questions" by Gary E. Ford, ACCT 102 Principles of Accounting, Tompkins Cortland Community College is licensed under CC BY 4.0