Constant-Cost Conditions Reflect That

question 87

Multiple Choice

Constant-cost conditions reflect that

• A) quality differs between products.
• B) products are perfect substitutes for each other.
• C) product quality is related to who products it.
• D) one product is more desirable than the other.

---

Definitions:

Job Cost Sheet

An account in the work in process subsidiary ledger in which the costs charged to a particular job order are recorded.

Direct Labor

The wages or costs directly associated with the production of goods or the provision of services, involving labor directly involved in manufacture or service delivery.

Perpetual Inventory

An immediate inventory transaction recording method, utilizing computerized point-of-sale systems and enterprise asset management software for accounting purposes.

Subsidiary Ledgers

Detailed financial books that complement the general ledger by tracking individual accounts or categories, such as accounts payable or receivable.