Question

Which one of the following statements is​ FALSE? A. In a processminuscosting ​system, each unit uses approximately the same amount of resources. B. A corporation whose sole business activity is processing the customer deposits of several banks would use a processminuscosting system. C. An organization that manufactures several types of cereal would use a job order costing system. D. In a job order costing​ system, individual jobs use different quantities of production resources.Which one of the following statements is​ FALSE? A. In a processminuscosting ​system, each unit uses approximately the same amount of resources. B. A corporation whose sole business activity is processing the customer deposits of several banks would use a processminuscosting system. C. An organization that manufactures several types of cereal would use a job order costing system. D. In a job order costing​ system, individual jobs use different quantities of production resources.Which one of the following statements is​ FALSE? A. In a processminuscosting ​system, each unit uses approximately the same amount of resources. B. A corporation whose sole business activity is processing the customer deposits of several banks would use a processminuscosting system. C. An organization that manufactures several types of cereal would use a job order costing system. D. In a job order costing​ system, individual jobs use different quantities of production resources.

Answer 1

Answer: C. An organization that manufactures several types of cereal would use a job-order costing system.

Explanation: job-order costing is used when many different jobs or products are worked on each period. ( ex: Specialized order printing, furniture manufacturing)

-Job-order costing is used when many different jobs having different production requirements are worked on each period.

-Job-order costing systems accumulated costs by individual jobs

-Job-order costing systems compute unit costs by job on the job cost sheet.