The Following Examples Briefly Describe the Manufacture of Two Different $\begin{array} {cc} &&&{ \text { I } } &&&&& { \text { II } } \\\end{array}$

question 60

Multiple Choice

The following examples briefly describe the manufacture of two different products. Which costing method (job-order or process) would be the best method to use for each project?
I. Steven Lawless manufactures Lawless Fine Wine Coolers. Steven once made the statement, "People can have any flavor of Lawless Fine Wine Coolers they want as long it's strawberry."
II. Northridge Spacetronics is manufacturing three space shuttles for the country of Xanadu. Each shuttle is slightly different and production will last approximately two years.
$\begin{array} {cc} &&&{ \text { I } } &&&&& { \text { II } } \\\end{array}$
A. $\begin{array} {cc} & \text { Process } && \text { Process } \\\end{array}$
B. $\begin{array} {cc} & \text { Job-Order } & \text { Job-Order } \\\end{array}$
C. $\begin{array} {cc} & \text { Process } && \text { Job-Order } \\\end{array}$
D. $\begin{array} {cc} & \text { Job-Order } & \text { Process } \\\end{array}$

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Definitions:

Public Policy

Fundamental principles or ideologies concerning what is regarded by the government as being in the public's best interest.

Fraud

Intentional deception made for personal gain or to damage another individual, involving false representation of facts, omission of information, or other deceitful practices.

Illegal Contract

A contract that is void and unenforceable because it involves activities that are against the law.

Quasi-Contract

A legal concept where a court enforces an obligation between parties as if they had entered into a contract, to prevent unjust enrichment.