Match Each Business That Follows with the Job Cost System

question 10

Short Answer

Match each business that follows with the job cost system (a or b) it would most likely utilize.
-Website designer
A)Job order cost system
B)Process cost system

• A)Job order cost system
• B)Process cost system

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Definitions:

Quoted

Refers to the latest price at which a stock, commodity, or currency was traded, often seen on exchanges.

Market Price

The present cost at which a service or asset is available for purchase or sale in a specific market.

Face Value

The nominal or original value of a security or financial instrument as stated by the issuer, crucial for calculating interest payments for bonds.

Real Return

The return on an investment after adjusting for inflation, representing the actual purchasing power gained or lost.