The Two Basic Types of Costing Systems Are

question 182

Multiple Choice

The two basic types of costing systems are

• A)product costing and materials inventory costing.
• B)periodic costing and perpetual costing.
• C)job costing and process costing.
• D)periodic costing and process costing.

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Definitions:

Adultery

A sexual act between a married person and someone other than their spouse, considered a breach of trust or marriage vows.

Desertion

The act of abandoning a person, place, or obligation, especially in a military context where it refers to a soldier leaving their post without permission.

Paid Workforce

Refers to individuals who are employed and receive compensation for their work in the form of wages, salary, or other earnings.

Increasingly

Referring to something happening in greater amounts or with greater frequency over time.