Which Are the Two Types of Cost Accounting Systems

question 82

Multiple Choice

Which are the two types of cost accounting systems?

• A)A process cost system and a production cost system
• B)A job cost system and a process cost system
• C)A job order cost system and a manufacturing cost system
• D)A query cost system and a manufacturing cost system

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Definitions:

Fraud

A deceitful practice or act intended to gain unfair or unlawful advantage.

CPT Codes

Current Procedural Terminology codes, a set of medical codes used to report diagnostic, medical, and surgical procedures for billing and documentation.

Evaluation And Management Codes

Codes used in medical billing to represent patient visits and assessments, dictating the level of care provided.

Compliance Plan

A process for finding, correcting, and preventing illegal medical office practices.