An Operations Costing System Is

question 20

Multiple Choice

An operations costing system is

• A)identical to a process costing system except that actual cost is used for manufacturing overhead.
• B)the same as a process costing system except that materials are allocated on the basis of batches of production.
• C)the same as a job order costing system except that materials are accounted for in the same way as they are in a process costing system.
• D)the same as a job order costing system except that no overhead allocations are made since actual costs are used throughout.
• E)a system in which manufacturing activities are finely divided into individual,discrete steps or operations.

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Definitions:

Activation Energy Barrier

The minimum amount of energy required to initiate a chemical reaction.

Collision Theory

A theory that explains how chemical reactions occur and why rates of reactions vary for different reactions.

Forward Reaction

A chemical reaction where reactants convert into products, typically highlighted in a chemistry equilibrium context.

Energy of Activation

The minimum quantity of energy that the reacting species must possess in order to undergo a specified chemical reaction.