Which of the Following Are the Two Main Types of Cost

question 34

Multiple Choice

Which of the following are the two main types of cost accounting systems for manufacturing operations?

• A) Process cost and general accounting systems
• B) Job order cost and process cost systems
• C) Job order cost and general accounting systems
• D) Process cost and replacement cost systems

Analyze how taxes affect market outcomes and the burden of tax on buyers and sellers.

Understand the concept of elasticity and how it affects the burden of taxation.

Evaluate the impact of rent control laws on the market.

Calculate the effects of a per-unit tax on market equilibrium, including the size of the tax and its distribution between buyers and sellers.

---

Definitions:

Unrealized Gains/Losses

Financial gains or losses on investments or assets that have not yet been sold or converted into cash.

Equity Method

An accounting technique used to record investments in other companies, where the investment's value is adjusted for the investor’s share of the investee's profits or losses.

Investee Earnings

Represents the portion of profits or losses from investments in other entities that the investing company includes in its own financial statements.

Voting Common Stock

A type of equity security that grants its holders the right to vote on corporate policies and the election of the board of directors.