Question

All of the following statements are true regarding cost accounting systems except

a. A company must use either a job order cost system for all of its products or services or a process cost system for all of its products or services - it cannot use both

b. A company may use a job order cost system for some of its products and a process cost system for other products.

c. Managers use product cost from the cost accounting system for setting product pricing, controlling operations, and developing financial statements.

d. A job order cost system provides product costs for each quantity of product that is manufactured.