Justification Frequently Is Based on the Needs of The

question 28

Multiple Choice

Justification frequently is based on the needs of the?

• A) Laboratory
• B) Scientist
• C) Consumer
• D) Corporation
• E) University

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Definitions:

Process Costing

A costing method typically used in industries where production is continuous, and costs are assigned to units of output through an averaging process.

Computer Chips

Small electronic components made from semiconducting material used in electronic devices to perform computing and processing tasks.

Costing System

A method used by businesses to assign costs to products or services, which helps in pricing and profitability analysis.

Job Order Costing

An accounting method used to track costs and evaluate the profitability of custom jobs by accumulating the costs associated with a specific customer order.