Comparing Job-Order & Process Costing

Instructions:

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question 1 of 3

Job-order costing would be most appropriate for which of the following products, and why?

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1. Conversion costs include which of the following?

2. Which of the following products would be costed using a process costing system?

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About This Quiz & Worksheet

The questions in this assessment are on job-order vs. process costing. See how well you do answering multiple-choice questions on such things as conversion costs and equivalent units.

Quiz & Worksheet Goals

The quiz will test you on such things as:

  • Product types that are most conducive for job-order costing
  • Description of conversion costs
  • Products that work best with a process costing system
  • Inventory that has begun but is not yet complete with the conversion process
  • The meaning of an equivalent unit

Skills Practiced

Use this quiz and worksheet to practice skills, such as:

  • Interpreting information - verify that you can review information regarding product type and a suggested costing system and interpret it correctly
  • Information recall - access the knowledge you've gained regarding identifying conversion costs
  • Knowledge application - use your knowledge to identify the meaning of an equivalent unit

Additional Learning

Look at more on this topic when you review the lesson named Comparing Job-Order & Process Costing. See lesson information on:

  • Three types of inventory in a manufacturing company
  • Costing examples
  • Definition of finished goods
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