A Major Difference Between Process Costing and Job-Order Costing Is

question 10

Multiple Choice

A major difference between process costing and job-order costing is

• A)costs are calculated at each step in a job-order system while only calculated at the end of a process costing system.
• B)costing of material components is more sensitive in a process costing system.
• C)job-order costing is focused on each specific job while process costing focuses on departmental activity.
• D)process costing uses only one work-in-progress account while job-order costing uses many work-in-progress accounts.

---

Definitions:

Bio-Hazardous Waste

Waste that is potentially infectious or contains biological materials that pose a risk to human health or the environment.

Sarbanes-Oxley Act

U.S. law enacted in 2002 aimed at enhancing corporate governance and strengthening regulations on accounting and auditing to protect investors from fraudulent financial reporting.

Values

Positive abstractions that capture our sense of what is good and desirable.

Whistle-Blowers

Individuals who expose illegal or unethical activities within an organization to the public or to those in power.