What type of costing system would a manufacturer of plywood use?
A) job costing
B) process costing
C) either job costing or process costing
D) both job costing and process costing
Answer: B
Which of the following companies is most likely to use job costing?
A) Exxon Mobil Oil Refinery
B) Elizabeth's Custom Furniture Company
C) DuPont Chemical Company
D) Kellogg's Cereal Company
Answer: B
________ is assigning costs such as direct materials and direct labor to products.
A) Cost assigning
B) Cost tracing
C) Cost allocation
D) None of the these
Answer: B
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