The Two Basic Types of Cost Accounting Systems Are

question 175

Multiple Choice

The two basic types of cost accounting systems are

• A) job order and job accumulation systems.
• B) job order and process cost systems.
• C) process cost and batch systems.
• D) job order and batch systems.

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Definitions:

Mnemonic Device

A mnemonic device is a technique used to aid memory recall through patterns, rhymes, acronyms, or visualizations.

Sensory Memory

The capacity to maintain sensory information impressions after the initial stimuli are no longer present, representing the memory's most brief-term component.

Meaningful Information

Data or details that hold significance, relevance, or value to an individual, aiding understanding and decision-making processes.

Semantic Memory

A type of long-term memory involving the capacity to recall words, concepts, or numbers, which is essential for the understanding and use of language.