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Strayer University Graduate Chapter Questions: Ch. 1. Under what conditions would it be appropriate to use a process costing system? Process costing system can be used in industries that produce essentially homogenous products on a continuous basis, such as bricks and paper. 2. In what ways are job-order and process costing similar? Job-order and process costing are similar in three ways that the book declares. One, both systems have the same basic purposes- to assign materials, labor, and overhead to products and to provide a mechanism for computing unit product costs. Second, both systems use the same basic manufacturing accounts, including Manufacturing Overhead, Raw Materials, Work In Process, and Finished Goods. Third, the flow of costs through the manufacturing accounts is basically the same in both systems. 3. Costing are accumulated by job-order costing system; how are cost accumulated in a process costing system? Under process costing, costs are accumulated by department, rather than by order, and...

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