Which of the Following Describes the Differences Between Job-Order and Process

question 10

Multiple Choice

Which of the following describes the differences between job-order and process costing?

• A)Job-order costing is used in financial accounting, while process costing is used in managerial accounting.
• B)Job-order costing can only be used by manufacturers; only service enterprises use process costing.
• C)Job-order costing is voluntary, while process costing is required by GAAP.
• D)Job-order costing traces costs to jobs, while process costing traces costs to departments and averages the costs among the units worked on during the period.

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Definitions:

Loops of Henle

A section of the nephron in the kidney, crucial for concentrating urine and reabsorbing water and salts from the filtrate.

Mechanical Shock

A physical shock to a system which may cause significant damage or system failure due to sudden impact or force.

Adipose Tissue

A type of connective tissue that is specialized in storing energy as fat, providing insulation and protection to the body.

Renal Pyramid

One of a number of pyramidal masses seen on longitudinal section of the kidney; they contain part of the loops of Henle and the collecting tubules.