Which of the Following Is Correct Regarding Cost Systems

question 38

Short Answer

Which of the following is correct regarding cost systems? $\begin{array}{lll}&\text { Job Order }&\text { Process }\\\text { a. Work in process account } & \text { several } & \text { one for each process } \\\text { b. Work in process account } & \text { one } & \text { one } \\\text { c. Work in process account } & \text { one } & \text { one for each process } \\\text { d. Work in process account } & \text { several } & \text { one }\end{array}$

---

Definitions:

Resource Drivers

Factors or activities that significantly influence the consumption of resources in a process or operation.

Activity Drivers

Factors that influence the costs of business activities by measuring the amount of activity that drives costs.

Root Cause

The underlying or fundamental reason for a problem or issue, which, when addressed, prevents recurrence.

Cost Drivers

Activities or factors that cause a change in the cost of a good or service, crucial for budgeting, planning, and cost management.