🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Accounting
2
answers
0
watching
12
views
13 Dec 2019

Which of the following are the two main types of cost accounting systems for manufacturing operations?

Process cost and general accounting systems

Job order cost and process cost systems

Job order and general accounting systems

Process cost and replacement cost systems

Watch
2
answers
0
watching
12
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Get unlimited access
Already have an account? Log in
Share
Nelly Stracke
Nelly StrackeLv2
17 Dec 2019
Get unlimited access
Already have an account? Log in
Share

Related questions

The two basic types of cost accounting systems are:

a. Job order and batch system

b. Process cost and batch system

c. Job order and process cost system

d. Job order and job accumulation system

 

Process Cost Accounting & Cost-Volume-Profit Analysis

This module focuses on measuring costs in process production companies. We explain process production, describe how to assign costs to processes, and compute and analyze cost per equivalent unit. Discuss two of the three topics:

What is meant by equivalent units of production, and why are they important when a process costing system is used?

What are the four steps in accounting for production activity in a period?

Job order costing and process costing are two major costing systems used in manufacturing. Briefly contrast the characteristics of these two systems.

Which of the following statements is correct regarding job order and process costing systems?

A : Cost of goods sold is not used in a job-order cost system.

B : A process cost accounting system is appropriate for unique products that are produced in batches or jobs.

C : A job-order cost system and a process cost system are two alternative methods for valuing inventories.

D : A job-order cost system is most appropriate when a large volume of uniform products are produced.

Weekly leaderboard

Home
Homework Help 3,900,000
Accounting 580,000
Start filling in the gaps now
Log in