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:

Organizational Practices

Encompasses the procedures, methods, and routines used by an organization to achieve its objectives.

Rumours

Unverified information or stories that are spread among people, often lacking clear evidence, and can influence perception and behavior.

Non-verbal Communication

The process of conveying a message without the use of words, including gestures, facial expressions, and body language.

Jargon

Specialized language used by job holders or members of particular occupations or organizations.