The basic distinction between job-order costing and process costing is the breadth of the denominator. Explain.

Fantastic news! We've Found the answer you've been seeking!

Question:

"The basic distinction between job-order costing and process costing is the breadth of the denominator." Explain.

Related Book For answer-question

Introduction to Management Accounting

ISBN: 978-0133058789

16th edition

Authors: Charles Horngren, Gary Sundem, Jeff Schatzberg, Dave Burgsta

See More Books

Posted Date: May 04, 2021 07:00 PM

See More Questions

Job order costing and process costing should be used in different types of manufacturing environments. Contrast the manufacturing environments for the two different costing methods.
The basic distinction between job-order costing and process costing is the breadth of the denominator. Explain.
What is the major difference between job order costing and process costing?
Consider the graph of a function g(x). g(x) 5 f 3 2 1 2 3 4 5 6 Find the point c at which the function has a jump discontinuity but is right-continuous. C = What value should be assigned to g(c) to...
A study by Holder, Plikaytis, and Carlone (1996) compared two laboratory protocols designed to measure antibody levels in an enzyme-linked immunosorbent assay (ELISA) for Streptococcus pneumoniae....
What is a CROSS JOIN? Give an example of its syntax.
Heritage, a general contractor, had filed a breach of contract action against an electrical subcontracting firm that had withdrawn its bid right before the contract was to be performed. A jury had...
Carmin Kovach is single and has two children from her previous marriage. Anika, 9, lives with Carmin. Julius, 11, lives with his father, Ray. Carmin pays alimony of $400 per month to Ray. The...
What is one of the Oracle database upgrade methods. Which of the methods offers the least control over the upgrade process? Please explain thoroughly because I am having a hard time with this subject...
Reconstruct the following syllogistic forms and use the five rules for syllogisms to determine if they are valid from the Boolean standpoint, conditionally valid from the Aristotelian standpoint, or...
What is the second step in the strategic planning process? Set organizational or SBU objectives. Establish the business portfolio. Define and articulate the mission, vision, and values. Evaluate the...
Introduce the Rocky Mountain Psychological Services and provide general background information based on your independent search (i.e., not contacting the company representative). Some of the areas...
Assume you are the HR manager responsible for keeping your organization's employee handbook updated. What process would you use to do so? How would you provide employees with the updated information?
You need to capture the article's main points and discuss them lucidly, in a well-developed fashion. Students will be evaluated on the quality of participation based on relevancy, insight, evidence,...
Question 1 A. The only true champagne comes from the champagne region in France. With this in mind: A. Explain the history of champagne production. Limit your answer to TWO (2) pages. B. Outline...
You work as the Lead BA for Husky Airlines, a global airline operating in North America, Latin America, Europe, and Asia. The airline is going through strategic planning and wants your help in...
(a) Convert (143) 10 to base 2.. (b) Convert (1111010101)2 to base 16.
What steps must a business take to implement a program of social responsibility?
For each of the numbered items, choose the appropriate classifications from the lettered items for a manufacturing company. If in doubt about whether the cost behavior is basically variable or fixed,...
The Sommerville Trucking Company has one service department and two regional operating departments. The budgeted cost behavior pattern of the service department is $750,000 monthly in fixed costs...
Why do companies need transfer-pricing systems?
What is the ratio T f /T i for this process? A. 1/4 B. 1/2 C. 1 (no change) D. 2 E. 4 F. There is not enough information to decide. p (atm) 4 3- 2 1 0- 0 2 -V (m)
An aluminum ring is tight around a solid iron rod. If we wish to loosen the ring to remove it from the rod, we should A. Increase the temperature of the ring and rod. B. Decrease the temperature of...
Jn Figure 12.22, by comparing the slope of the graph during the time the liquid water is warming to the slope as steam is warming, we can say that A. The specific heat of water is larger than that of...

The basic distinction between job-order costing and process costing is the breadth of the denominator. Explain.

Question:

Expert Answer:

Distinction between JobOrder Costing and Process Costing JobOrder Costing The maximum not unusualplace structures of product costing are processorder ... View the full answer

Introduction to Management Accounting

Students also viewed these accounting questions