Job Order Cost Accounting Is Appropriate

question 11

Multiple Choice

Job order cost accounting is appropriate

• A) when there are continuous operations on standard types of products.
• B) when a company produces more than one product in batches rather than on a continuous basis.
• C) only for goods produced on special order.
• D) for all manufacturing companies.

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Definitions:

Fixed Tariff

A preset tax or duty to be paid on particular imports or exports, which remains unchanged over a period regardless of economic conditions.

Ad Valorem Tariff

A type of tax calculated as a percentage of the value of the goods being imported or exported.