Which of the Following Is Not a Difference in a Job-Cost

question 2

Multiple Choice

Which of the following is not a difference in a job-cost environment and a process-cost environment?

• A)In a job-cost environment, only physical units are computed whereas in a process cost environment, equivalent units are computed.
• B)In a job-cost environment, firms compute a predetermined rate for overhead costs alone as these are the only costs that the firm allocates whereas in a process cost environment a firm must also allocate the cost of materials and conversion.
• C)A job-cost environment is appropriate for firms that produce customized products in small amounts whereas a process-cost environment is suitable in settings that involve mass production of like products.
• D)In a job-cost environment, costs are assigned only to finished goods and cost of goods sold whereas in a process-cost environment costs are assigned to work-in-process, finished goods, and cost of goods sold.
• E)All of the above are differences in a job-cost environment and a process-cost environment.

---

Definitions:

Worthy Person

Typically implies an individual who possesses admirable qualities or merits respect and recognition.

Perceive Themselves

The way individuals view or understand their own identity, qualities, and attributes.

Successful

Achieving desired aims or attaining prosperity, fame, or a specified outcome.

Negative Feedback

Critical or evaluative information given to someone about their performance or behavior.