An Operation Costing System Is

question 145

Multiple Choice

An operation 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.

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Definitions:

Compile-time Errors

Errors in a program's code detected by the compiler before the program is run.

Runtime Errors

Errors that occur during the execution of a program, which can cause the program to stop unexpectedly.

Machine Language

The set of binary codes directly understood by a computer's CPU, representing the most basic level of programming language.

Assembly Language

A computer language that allows programmers to write programs using a set of short, English-like commands that speak directly to the CPU and that give the programmer direct control of hardware resources.