Distinguishing between job order costing and process costing Consider the following incomplete statements.
a. _____ is used by companies that produce small quantities of many different products.
b. Georgia Pacific pulverizes wood into pulp to manufacture cardboard. The company uses a _____ system.
c. To record costs of manufacturing thousands of identical files, the file manufacturer will use a _____ system.
d. Companies that produce large numbers of identical products use _____ systems for product costing.
e. The computer repair service that visits your home and repairs your computer uses a _____ system.
f. Apple assembles electronic parts and software to manufacture millions of iPods. Apple uses a ___________ system.
g. Textbook publishers produce titles of a particular book in batches. Textbook publishers use a __________ system.
h. A company that bottles milk into one gallon containers uses a ________ system.
A company that makes large quantities of one type of tankless hot water heater uses a __________ system.
i. A particular governmental agency takes bids for specific items it utilizes. Each item requires a separate bid. The agency uses a ___________ system.
Requirement
1. Complete each of the statements with the term job order costing or the term process costing.