A Standard Cost System May Be Used in

question 79

Multiple Choice

A standard cost system may be used in

• A)job order costing,but not process costing.
• B)process costing,but not job order costing.
• C)either job order costing or process costing.
• D)neither job order costing nor process costing.

---

Definitions:

Fuel-Efficient

A characteristic of a vehicle or machine that uses fuel in an effective manner, resulting in more output per unit of fuel consumed.

Eco-Efficient

Practices or processes that aim to reduce environmental impacts while maximizing productivity and resource efficiency.

Performance Measurement System

A set of metrics and analytical tools used to quantitatively assess the effectiveness and efficiency of an organization's operations against its objectives.

Triple Bottom Line

An accounting framework that incorporates three parts of sustainability: social, environmental, and financial performances.