Asked by Susana Guerrero on May 21, 2024
Verified
Movie studio
A) Job order costing
B) Process costing
Job Order Costing
An accounting method used to track costs specifically associated with a particular job or order, important in manufacturing and production industries.
Movie Studio
A company that funds, produces, and distributes films, often also owning sound stages, equipment and employing staff for the creation of movies and television shows.
- Select the fitting costing system for different types of production scenarios.
Verified Answer
SO
Sorimar OrtizMay 23, 2024
Final Answer :
A
Explanation :
A movie studio would typically use job order costing because each movie is a unique product with its own set of costs, rather than a standardized product with uniform costs that would be better suited for a process costing system.
Learning Objectives
- Select the fitting costing system for different types of production scenarios.