JUAL... He y Title Subtitle Subtle Em... Emphasis Intense E. Strong Quote Intense ... Subtle Ref. 1 9 Repla Select Editing Styles 11. All of the following are examples of firms who would use job costing except: a. An automobile repair business. b. A custom sailboat builder. c. An interior designing firm d. A sport drink manufacturing company. e. None of the answer choices is correct. 12. All of the following are reasons that managers track revenues and costs using a job costing system except a Managers use the information to record product costs as period costs. 6. Managers want to know if individual jobs are profitable. c. Managers compare actual costs with estimated costs throughout the project to identify unexpected changes as early as possible. d. Managers assess the accuracy of original cost estimates e. None of the answer choices is correct 13. All of the following are examples of firms who would use process costing except: a. A chewing gum manufacturer b. An ice cream manufacturer c. An oil refinery d A plumbing contractor e. None of the answer choices is correct. 14. Adams Company placed $2,000 of direct materials into production. Which one of the following journal entries should Jones record for this transaction? a. Raw Materials Inventory 2,000 Accounts Payable 2.000 b. Work in Process Inventory 2.000 Manufacturing Overhead 2.000 c. Manufacturing Overhead 2,000 Raw Materials Inventory 2,000 d. Work in Process Inventory 2.000 Raw Materials Inventory e. None of the answer choices is correct. 2,000 45,000 15. Burton Company purchased $45,000 of raw materials on account. Which one of the following journal entries should Burton record for this transaction? a. Work in Process Inventory 45,000 Raw Materials Inventory 4 5,000 b. Raw Materials Inventory 45,000 Accounts Payable c. Work in Process Inventory 45,000 Accounts Payable 45,000 d. Accounts Payable 45,000 Raw Materials Inventory 45,000 e. None of the answer choices is correct. EFocus ES | A l - A ( 09 121/2