ECONOMICS

Detailed explanation-1: -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-2: -Industries that produce unique or custom orders for individual customers, including retail companies and hospitals, typically use job order costing. Industries that produce large amounts of a single product or similar products, such as manufacturers of a single product, typically use process costing.

Detailed explanation-3: -Answer: Paint manufacturer, Yacht builder and soft drink bottler companies are most likely to use the process costing system. The print shop and caterer are most likely to use the job order costing system.

Detailed explanation-4: -Question: A process costing system is used by companies that produce similar or identical units of product in batches employing a consistent . Examples of companies that use job costing systems include Boeing (airplanes), Lockheed Martin (advanced technology systems), and Deloitte .