Some Colleges Now Offer Massive Open Online Courses (MOOCs), Where

question 260

Multiple Choice

Some colleges now offer massive open online courses (MOOCs) , where students do not need to be in the same classroom as their instructors.The fixed cost of an online course is relatively ________, but after the courses are placed online, the marginal cost of providing instruction to an additional student is ________.

• A)high; low
• B)high; high
• C)low; low
• D)low; high

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Definitions:

Job Order Cost System

An accounting system that accumulates costs for each individual job or project to determine its total costs.

Job Order Costing System

A cost accounting system that accumulates manufacturing costs separately for each job or order, suitable for customized products.

Work in Process Account

An account used in accounting to track the costs associated with partially completed goods in the manufacturing process.

Job Order Costing System

A cost accounting system used to accumulate costs associated with a specific job or order, facilitating the calculation of the total cost to manufacture a distinct product or provide a specific service.