Would Be Used By A Custom Yacht Builder Quizlets?

Job order costing is a method used by manufacturers of refrigerators, specialty wakeboards, and custom-home builders to determine product costs. A cost driver is any activity that causes a cost to be incurred. Process costing is used by companies that produce unique services and products, such as a shampoo manufacturer, boat repair service, custom furniture manufacturer, or dressmaker.

Building a custom superyacht is a meticulous and multifaceted process that involves strategic considerations. Two primary methods of boat construction are production lines and custom builds. This article compares these two techniques and discusses their advantages.

In the case of a custom yacht builder, job order costing may be used to shorten the lead time of the build. Existing hull designs can be used to suit your ideas, and drawings can be ordered from Jay Townsend’s comprehensive guide to custom boatbuilding.

For companies like an oil refinery, yacht builder, and specialty furniture company, a process costing system would be appropriate. For each company, specify whether they would be more likely to use job costing or process costing.

Examples of process costing include yacht builders, landscapers, wallpaper installers, aircraft builders, hospitals, dentists, advertising agencies, and custom-home builders. Managerial accounting, financial accounting, and over-allocated overhead are also important terms to study with Quizlet. By understanding these concepts, you can better navigate the complex and strategic process of building a custom yacht.