Which of the Following Is Not True About Job-Order Costing

question 127

Multiple Choice

Which of the following is not true about job-order costing?

• A) It is used in firms that produce homogeneous products.
• B) The cost of each job is accumulated on the job-order cost sheet.
• C) The key document for accumulating manufacturing costs is the job-order cost sheet.
• D) All of these are correct.
• E) None of these are correct.

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Definitions:

Effective Upon Dispatch

A legal principle stating that an offer, acceptance, or revocation becomes effective when it is sent, not when it is received.

Specified

Clearly identified or defined in detail.

Bilateral Contract

A mutual agreement between two parties where each promises to perform an act in exchange for the other's performance.

Offeree

Offeree is a legal term referring to the party to whom an offer is made in contract law, who can then accept, reject, or counteroffer.