Which of the following are the two main types of costaccounting systems for manu

Question

Which of the following are the two main types of costaccounting systems for manufacturing operations?
a. Process cost and general accounting systems b. Job order cost and process cost systems c. Job order and general accounting systems d. Process cost and replacement cost systems Which of the following are the two main types of costaccounting systems for manufacturing operations?
a. Process cost and general accounting systems b. Job order cost and process cost systems c. Job order and general accounting systems d. Process cost and replacement cost systems

Explanation / Answer

Job order costing - work is broken into jobs;each job is tracked separately auto mechanics, carpenters, painters, print shops, computerrepair Process costing - a large quantity ofidentical or similar products are mass produced auto assembly plants, hot dog manufacturing, any largemechanized production facility : answer is b)Job order cost and process costsystems Job order costing - work is broken into jobs;each job is tracked separately auto mechanics, carpenters, painters, print shops, computerrepair Process costing - a large quantity ofidentical or similar products are mass produced auto assembly plants, hot dog manufacturing, any largemechanized production facility

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