Question 1
Process costing would most likely be used to assign costs to products produced by which of these companies?
◦ Jones Flour Mill
◦ Riley Automobile Dealer
◦ Big Time Yacht Corporation
◦ Sullivan and Murphy Law Firm LLC
Question 2
Which if the following are not conversion costs?
◦ the cost of direct laborers who assemble the parts of an automobile
◦ the cost of tires on an automobile
◦ the cost of depreciation on an automobile assembly plant
◦ the cost of electricity to run the tools in the automobile assembly plant