New2

Question 1

Custom orders
Heterogeneous products
Low production volume
High product flexibility
Low to medium standardization

Answer 1

Job order systems

Question 2

Repetitive operations
Homogeneous products
High production volume
Low product flexibility
High standardization

Answer 2

Process systems

Question 3

Use direct materials, direct labor and overhead costs
Job order / process costing systems
Yes or no

Answer 3

Job order:yes
Process cost: yes

Question 4

Use job cost sheet to accumulate costs
Job order / process costing systems
Yes or no

Answer 4

Job order: yes
Process cost: No

Question 5

Typically use several work in process inventory accounts
Job order / process costing systems
Yes or no

Answer 5

Job order: No
Process cost: yes

Question 6

Yield a cost per unit of product
Job order / process costing systems
Yes or no

Answer 6

Job order: Yes
Process costing:yes