Unit 2: Accounting, Management, and Cost Decisions
Chapter 2, Exercise 2-4 Product Costing Systems [LO 4] For the list of product manufacturers below, indicate whether a job-cost system (J) or a process cost system (P) would be most appropriate.
a. Chemicals processor
b. Paint manufacturer
c. Law firm
d. Producer of molds used by other manufacturing firms to shape their products
e. Dog food producer
f. Custom home builder