Internet Exercises - Valerie V. Bodden Kluge 10-0014 Cost...

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Valerie V. Bodden Kluge 10-0014 Cost Accounting February 25, 2011 Internet Exercise #1 Review the information on each company’s website about its operations and decide whether each company would be more likely to use a job-order costing or process costing system. Write a brief summary (one paragraph) about each of the four companies. The summary for each should include the name of the company, a brief description of its business, and the reasons why the company would most likely use the costing system identified. Gulf Craft Inc is basically a company that manufactures luxury boats. It is the only manufacturer in the world that produces boats for ordinary people that are larger than 100ft. Gulf Craft Inc works using the job-order costing because each individual boat will have different specifications from the client. Evian is a renowned producer of bottled water. This company focuses on the purification, bottling and distribution for sale of water; they only have one type of product. Since they only have one product and it is done in the same continuous pattern, then it is very likely that this company utilizes a Process Costing system. Biolea is a company built around the idea of growing and producing
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Internet Exercises - Valerie V. Bodden Kluge 10-0014 Cost...

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