Briefly describe the difference between a job order cost system and a process cost system.
Question:
Briefly describe the difference between a job order cost system and a process cost system.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (13 reviews)
A job order cost system provides a separate ...View the full answer
Answered By
Sumit kumar
Education details:
QUATERNARY Pursuing M.Tech.(2017-2019) in Electronics and Communication Engg. (VLSI DESIGN) from
GNIOT Greater Noida
TERTIARY B.Tech. (2012-2016) in Electronics and Communication Engg. from GLBITM Greater Noida
SECONDARY Senior Secondary School Examination (Class XII) in 2012 from R.S.S.Inter College, Noida
ELEMENTARY Secondary School Examination (Class X) in 2010 from New R.J.C. Public School ,Noida
CERTIFICATION
Summer Training in ‘WIRELESS EMBEDDED SYSTEM’ from ‘XIONEE’ for the six weeks.
EMBEDDED SYSTEM Certificate issued by CETPA INFOTECH for one day workshop.
Certificate of Faculty development program on OPTICAL COMMUNICATION and NETWORKS for one week.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Briefly describe the difference between a so-called real business cycle and a more traditional spending business cycle.
-
Briefly describe the difference between a company's effective tax rate, cash tax rate, and structural tax rate.
-
Describe how a job order cost system can be used for professional service businesses.
-
Examine the articles reproduced below and consider how the five C's discussed in the course have application in the present coronavirus pandemic. "To the extent that an environment characterized by...
-
Zisk Co. purchases raw materials on account. Budgeted purchase amounts are: April, $80,000; May, $110,000; and June, $120,000. Payments are made as follows: 70% in the month of purchase and 30% in...
-
Kalin Corporation had 2014 net income of $1,000,000. During 2014, Kalin paid a dividend of $2 per share on 100,000 shares of preferred stock. During 2014, Kalin had outstanding 250,000 shares of...
-
A capacitor initially has a charge of magnitude \(q\) on each plate. When a dielectric is inserted between the plates, the bound surface charge on the two dielectric surfaces facing the plates has a...
-
Mosby Memorial Hospital, a private, not-for-prot hospital, engaged in the following transactions. 1. At the beginning of the year, the hospital received a bequest in the form of equity securities....
-
1 Define Management? Explain its features, importance and nature? 2 Briefly explain about functions of management 3 Define leadership and explain leadership styles? 4 Briefly explain about decision...
-
This problem is for the month of February for OverPriced Jeans (OPJ). You will be using the new Revenue and Expense accounts that you learned about in this chapter to record OPJ's February...
-
Describe underapplied and overapplied overhead. What is commonly done with the underapplied or overapplied balance in the factory overhead account?
-
COST OF GOODS SOLD SECTION The following information is supplied for R&D Manufacturing Co. and WP West Co. (a merchandising company). Prepare the cost of goods sold sections for the income statements...
-
ECRI Corporation is a holding company with four main subsidiaries. The percentage of its capital invested in each of the subsidiaries (and their respective betas) is as follows: a. What is the...
-
Shannon won $1,000 in a poker tournament she entered in May. In July and September, she lost $600 and $700 in two other tournaments. She reported $1,000 of gambling winnings on Form 1040. What amount...
-
What resources will be most helpful to you in continuing to work on your information literacy skills?
-
Mary suffers $25,000 in uninsured losses in 2022 when her house burns down while she was on vacation. This loss was not due to a Federally declared disaster, therefore Mary can deduct what amount of...
-
1. Wims, Inc., has current assets of $4,900, net fixed assets of $27,300, current liabilities of $4,100, and long-term debt of $10,200. What is the value of the shareholders' equity account for this...
-
What is the output of the following code? public class Test ( public static void main(String[] args) { ChildClass new ChildClass(); c.print(); ' > class ParentClass ( int id; ParentClass() (id1) void...
-
What was the constitutional impediment to income taxation prior to the Sixteenth Amendment?
-
A glass manufacturer produces hand mirrors. Each mirror is supposed to meet company standards for such things as glass thickness, ability to reflect, size of handle, quality of glass, color of...
-
On March 31, 2010 cash book showed 10,000 credit balance and on the same day pass book showed 25,550 debit balance. Upon scrutiny, the following items of difference were identified: (i) Cheques...
-
In arranging for a 90-day loan from a bank, Mandy Company has the option of (1) Giving a $ 50,000, 6 percent interest- bearing note, dated November 3, that will be accepted at face value (2) Giving a...
-
The following were among this years transactions of Baker Company, which uses a periodic inventory system. Jan. 8 Bought merchandise on account from Long Company, $ 5,550; terms 3/10, n/30. 18 Paid...
-
The following were among this years transactions of Zamora Company, which uses a periodic inventory system. Jan. 31 Bought merchandise on account from Menkon Company, $ 3,560; terms net 30 days. Mar....
-
reply to this: hoose a king from the Divided Kingdom era that the Kings and Chronicles account both mention and write a thread. Provide a brief synopsis of the king's rule, then analyze how the...
-
A property manager is preparing a monthly report pursuant to the terms of a property management agreement. This report details actual income received from rent and other fees, along with actual...
-
Discuss the information provided in the three main financial statements. And if you can only have access to one of these three statements in order to make a decision on whether to invest or not in a...
Study smarter with the SolutionInn App