Multiple Choice
Which of the following is not correct about process costing and job order costing?
A) Both the system classify materials as direct material and or indirect materials.
B) Both the system classify labor ans direct labor and or indirect labor
C) Direct materials under job order costing might be indirect under process costing and vice versa.
D) Both the systems assigns costs by process.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The journal entry that assigns raw materials
Q2: Which is not a similarity between job
Q3: Which of the following is not relevant
Q4: In order to compute equivalent units of
Q5: in a process costing system, manufacturing overhead
Q7: A production cost report<br>A)Used to record the
Q8: In a process costing system, the manufacturing
Q9: The normal or standard loss in processing
Q10: In process costing system, the materials can
Q11: Materials labor and overhead costs are traced