Label each statement below as either true ("T") or false ("F").

1. The cost per equivalent unit is computed as the total costs of a process divided by the number

of equivalent units passing through that process.

2. Service companies are not able to use process costing.

3. Costs per job are computed in both job order and process costing systems.

4. Job order and process operations both combine materials, labor, and overhead in producing

products or services.

For each of the following products and services, indicate whether it is more likely produced in a process

operation or a job order operation.

1. Beach toys

2 Concrete swimming pool

3. iPhones

4. Wedding reception

5. Custom suits

6. Juice

7. Tattoos

8. Guitar picks