Selecting an Appropriate Cost Accounting System

question 61

Essay

Selecting an appropriate cost accounting system
Listed below are seven businesses.In the spaces provided,identify whether a job order costing system or a process costing system would most likely be appropriate.
(a)________ Nancy's Paper Plate Company
(b)________ Two Leg Pants Manufacturers,Inc.
(c)________ Solid Residential Contractors
(d)________ Float's Boats
(e)________ Big Heart Hospital
(f)________ Fizz Soda,Inc.
(g)________ Sugarmore Candies,Inc.

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Definitions:

Results

The outcomes or conclusions derived from actions, experiments, or processes, often used to determine the effectiveness or success of an endeavor.

Not Gamblers

Individuals or entities that prioritize risk management and careful planning over relying on chance for success.

Successful Entrepreneurs

Individuals who have achieved their business goals, often leading to the creation of profitable and sustainable businesses.

Emergence

The process of coming into view or becoming exposed after being concealed or the process by which complex systems and patterns arise out of a multiplicity of relatively simple interactions.