MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

Cost accounting systems are used

A$)$ by manufacturing companies, not service companies

B$)$ to accumulate and assign period costs to products

C$)$ by stockholders for decision$-$making purposes

D$)$ to accumulate product cost information

Which one of the following companies is most likely to use job order costing?

A$)$ a law firm

B$)$ a surfboard manufacturer

C$)$ a soft drink company

D$)$ a gold refinery

Which of the following is a reason why a job order costing system is appropriate for a custom furniture manufacturer?

A$)$ The raw materials used have already been accounted for using process costing.

B$)$ The cost incurred for each job will differ as per the order specifications.

C$)$ Custom furniture manufacturers produce large quantities of similar products.

D$)$ The direct costs incurred for each job are the same, only indirect costs vary.