ECONOMICS

Detailed explanation-1: -Examples of companies that use job costing systems include Boeing (airplanes), Lockheed Martin (advanced technology systems), and Deloitte & Touche (accounting).

Detailed explanation-2: -Software Services: Companies that build custom software for clients also use job order costing systems.

Detailed explanation-3: -White Collar Businesses Companies in the white collar sector of business, including law firms, accounting businesses and private investment companies, can utilize job order costing to manage individual client accounts. For example, accounting firms can consider each individual client a job.

Detailed explanation-4: -Which of the following companies is most likely to use job order costing? Elizabeth’s Custom Furniture Company is most likely to use job order costing. Job order costing is used by companies that will produce a “made-to-order” product or small batches of a particular product.