In: Accounting
Which of the following industries would typically use job order
costing, and whiuch would typically use process costing?
Dentist
Gasoline refining
flour mill
movie studio
Paper manufacturing
Custom printing
| Answer = | |
| Dentist: | |
| Dentist uses job order costing because each patient have different cost and different requirement | Job Order Costing |
| Gasoline refining | |
| This is a refinary project and refine work will done through various proces so refining projects are use process costing | Process Costing |
| flour mill | |
| Four mill are used jpb order costing because each works are assigned seprate for flour mill | Job Order Costing |
| movie studio | |
| Each Movies are made seprately with others, Costing and profigtablity of each movies is taken seprately and each movie is a job so they are using the job costing | Job Order Costing |
| Paper manufacturing | |
| Manufacturing will require various process so they uses the process costing | Process Costing |
| Custom printing | |
| Custome printing means printing done on requirement basis it means the cost is also taken on custome basis and so they use the job order costing | Job Order Costing |