Asked by
Rurangwa Kayitare
on Dec 16, 2024
Verified
Which of the following is not a characteristic of a job order costing system?
A) It accumulates cost for each department within the factory.
B) It provides a separate record for the cost of each quantity of product that passes through the factory.
C) It is best suited for industries that manufacture custom goods.
D) It uses only one work in process account.
Job Order Costing System
A cost accounting system that accumulates manufacturing costs separately for each job or order, suitable for customized products.
Work in Process Account
An account used in accounting to track the costs associated with partially completed goods in the manufacturing process.
- Evaluate the contrasts between job order costing and process costing systems, focusing on their relevant application settings.
Verified Answer
OT
Learning Objectives
- Evaluate the contrasts between job order costing and process costing systems, focusing on their relevant application settings.
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