Which of the Following Are the Two Main Types of Cost

question 39

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 and general accounting systems
• D) process cost and replacement cost systems

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Definitions:

Flu Vaccine

A vaccine designed to protect against the influenza virus, aiming to reduce the incidence of flu and its associated complications.

Underestimates

Errors or judgments that result in a lower estimation of quantity, value, or importance than is actually the case.

External Cost

A cost that is not borne by the parties involved in a transaction but rather by third parties or society at large, such as pollution.

Computer Programmers

Professionals who write, test, and maintain the code that allows computer applications and software programs to function properly.