Which of the following companies would be least likely to use a process costing system?

A) An oil refinery
B) A home-builder
C) A fertilizer company
D) A chemical company


B

Business

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A ________ refers to the market toward which a retailer will direct its efforts.

A. warm market B. channel member C. target market D. mass market E. market segment

Business

Cost traceability is decreased in a just-in-time operating environment

Indicate whether the statement is true or false

Business

Major Co's adjusted trial balance at December 31 . 2014, includes the following account balances: Common Stock, $3 par .............................................................................. $360,000 Additional Paid-In Capital ......................................................................... 480,000 Treasury Stock, at cost

............................................................................. 30,000 Net Unrealized Loss on Available-for-Sale Securities ................................. 12,000 Retained Earnings: Appropriated for Uninsured Earthquake Losses ............. 90,000 Retained Earnings: Unappropriated ............................................................ 120,000 What amount should Major report as total stockholders' equity in its December 31 . 2014, balance sheet? a. $1,008,000 b. $1,032,000 c. $1,068,000 d. $1,092,000

Business

A company issued rights to its existing shareholders to acquire, at $15 per share, 5,000 unissued shares of common stock with a par value of $10 per share. Common Stock will be credited at

a. $15 per share when the rights are exercised. b. $15 per share when the rights are issued. c. $10 per share when the rights are exercised. d. $10 per share when the rights are issued.

Business