Which of the Following Is Not a Characteristic of Job-Order

question 153

Multiple Choice

Which of the following is not a characteristic of job-order costing?

• A)Wide variety of distinct products
• B)Unit cost is computed by dividing process costs of the period by the units produced in the period
• C)Unit cost is computed by dividing total job costs by units produced on that job
• D)Costs accumulated by job
• E)typically,the cost of one job is different from that of another job

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Definitions:

Implied Contract

A contract formed by the actions, behaviors, or circumstances of the parties involved, rather than by written or spoken agreement.

Promissory Estoppel

A legal principle preventing a party from retracting a promise made, when the other party has reasonably relied on that promise to their detriment.

Express Contract

An agreement with terms explicitly stated by the parties involved, either orally or in writing.

Contract Status

The current legal state or condition of a contract, including whether it is active, pending, or terminated.