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A Number of Companies in Different Industries Are Listed Below:1

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A number of companies in different industries are listed below:1. Electric utility2. Frozen orange juice processor3. Specialty coffee roaster (roasts small batches of specialty coffee beans)4. Natural gas production company5. Commercial photographer6. Contract oil drilling companyRequired:For each company, indicate whether the company is most likely to use job-order costing or process costing.


Definitions:

Addendum

An additional document appended to a contract, agreement, or other document, containing supplementary information or modifications.

Groupthink

A mode of thinking in highly cohesive groups in which the desire to reach unanimous agreement overrides the motivation to adopt proper rational decision-making procedures.

Unanimity

Complete agreement among all members or parties involved on a particular issue or decision.

Rational

Based on or in accordance with reason or logic; capable of making sensible or logical decisions.

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