Internet Exercise #1

Fortune Magazine publishes the FSB 100, a list of America's 100 Fastest-Growing Small Companies. Identify three companies on the FSB 100 that would most likely use process costing systems. (Access the FSB 100 at http://www.fortune.com/fortune/Fsb100.) Write a brief summary (one paragraph) about each of the three companies. The summary for each should include the name, website address, and a brief description of its business, and set forth the reasons why the company would most likely use a job-order costing system.

Internet Exercise #2

The websites of selected companies appear below. Review the information about the operations of each of the companies that is provided on these websites, and decide whether each company would be more likely to use a job-order costing or process costing system. Write a brief summary (one paragraph) about each of the four companies. The summary for each should include the name of the company, a brief description of its business, and the reasons why the company would most likely use the costing system identified.

• Biolea (http://www.biolea.gr).
• Evian at http://www.evian.com).
• Ircon International Limited (http://www.irconinternational.com).
• Gulf Craft Inc. (http://www.gulfcraftinc.com).

Internet Exercise #3

Perform an Internet search using the term, process costing, and locate an article (less than one year old) from the results of your search. (Make sure that you do not select an instructor's lecture notes or a class assignment from the results of your search.) After reading the article, write a brief paper (3 - 5 paragraphs) that summarizes and comments on the article. (Your critique should provide the appropriate citation for the article. If necessary, you may wish to refer to the following website, which includes information about citations: http://www.cod.edu/library/research/citenet.htm.)