Match the business with the most likely type of costing system.
1) Oil refinery
2) Automotive brake repairer
3) Bathroom renovator
4) Commercial printer
5) Management consultant
I Job costing
II Process costing

Question

Quizplus · Accepted Answer

1) Oil refinery - Process costing, as the refining process involves continuous production.
2) Automotive brake repairer - Job costing, as each repair job is unique and requires custom pricing.
3) Bathroom renovator - Job costing, as each renovation project is unique and requires custom pricing.
4) Commercial printer - Job costing, as each printing order is unique and requires custom pricing.
5) Management consultant - Job costing, as each consulting project is unique and requires custom pricing.

Match the Business with the Most Likely Type of Costing