Drug Trafficking Leads to

question 161

Multiple Choice

Drug trafficking leads to

• A)a net outflow of money from the United States.
• B)a net inflow of money into the United States.
• C)no net outflow or net inflow.

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Definitions:

Cost Accounting Systems

Methods and procedures used to measure, record, and report product costs.

Process Cost

A method of costing that is used to determine the cost of producing products in continuous processes or operations.

Job Order Cost

A cost accounting system that accumulates costs according to specific jobs or orders, tracking the expenses related to individual products or projects.

Job Order Cost Systems

An accounting system used to assign costs to specific customer orders or batches, tracking the direct materials, direct labor, and overhead costs incurred for each.