Saturday, June 1, 2019
Under what conditions would it be appropriate to use a process Essays
Under what conditions would it be appropriate to use a process be system?Process equaling system can be used in industries that produceessentially homogenous products on a continuous basis, much(prenominal) as bricksand paper.2. In what ways ar job-order and process costing similar?Job-order and process costing are similar in three ways that the set asidedeclares. One, both systems have the alike(p) basic purposes- to assignmaterials, labor, and overhead to products and to provide a mechanismfor computing unit product costs. Second, both systems use the samebasic manufacturing accounts, including Manufacturing Overhead, RawMaterials, Work In Process, and Finished Goods. Third, the flow ofcosts through the manufacturing accounts is basically the same in bothsystems.3. Costing are hoard by job-order costing system how are costaccumulated in a process costing system?Under process costing, costs are accumulated by department, ratherthan by order, and assign these costs uniformly to all units that passthrough the department during a period.4. What two essential features think of any processingdepartment in a process costing system?The first feature is the activity performed in the processingdepartment essential be performed uniformly on all units passing throughit. The second feature is the output of the processing department mustbe homogeneous.5. Why is cost accumulation easier in a process costing departmentin a job-order ...
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