Which of the Following Is a True Statement About Process

question 15

Multiple Choice

Which of the following is a true statement about process cost systems?

• A) In process cost systems costs are accumulated but not assigned.
• B) A process cost system has one work in process account for each process.
• C) In process cost systems costs are summarized on job cost sheets.
• D) Unit costs are not computed in process cost systems.

---

Definitions:

Used-Car Fraud

Deceptive practices associated with the buying and selling of pre-owned vehicles.

Do Not Call Registry

A list or database managed by a regulatory authority where individuals can add their phone numbers to avoid unsolicited marketing calls.

FTC

The Federal Trade Commission, a U.S. federal agency responsible for protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices.

NAFTA

The North American Free Trade Agreement, a treaty among the United States, Canada, and Mexico to eliminate tariffs and facilitate trade among the three countries.