Differences Between a Job Order Cost System and a Process

question 145

Multiple Choice

Differences between a job order cost system and a process cost system include all of the following except the

• A) documents used to track costs.
• B) point at which costs are totaled.
• C) unit cost computations.
• D) flow of costs.

---

Definitions:

Undervalued

Describing an asset or security whose price is perceived to be less than its intrinsic or book value, suggesting it may be a good investment opportunity.

Stock Splits

A company activity where existing shares are split into more shares to increase share liquidity without changing the overall market value.

Par Value

The face value of a bond or stock, representing the amount that the issuer agrees to pay at maturity or the nominal value of a share.

Shares Outstanding

The total number of shares of a corporation that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company’s officers and insiders.