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Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
Edition 6ISBN: 978-1305103962 Exercise 46
Which of the following statements is true?
a. Job-order costing is used only in manufacturing firms.
b. Process costing is used only for services.
c. Job-order costing is simpler to use than process costing because the recordkeeping requirements are less.
d. The job cost sheet is subsidiary to the work-in-process account.
e. All of the above are true.
a. Job-order costing is used only in manufacturing firms.
b. Process costing is used only for services.
c. Job-order costing is simpler to use than process costing because the recordkeeping requirements are less.
d. The job cost sheet is subsidiary to the work-in-process account.
e. All of the above are true.
Explanation
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Job-order costing is used in both manufa...
Cornerstones of Managerial Accounting 6th Edition by Maryanne Mowen,Don Hansen ,Dan Heitger
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