The Basic Similarities Between Job Order Cost and Process Cost

question 160

Multiple Choice

The basic similarities between job order cost and process cost systems include all of the following except the

• A) manufacturing cost elements.
• B) flow of costs.
• C) point at which costs are totaled.
• D) accumulation of the costs of materials labor and overhead.

---

Definitions:

Class System

A form of social stratification where people are grouped into a set of hierarchical social categories, the most common being the upper, middle, and lower classes.

Closed Class System

A social stratification system where mobility between classes is limited or non-existent, and one's social status is often inherited.

Wealth

An abundance of valuable resources or material possessions.

Inherited

Traits or properties received from previous generations through genetic transmission.