Which of the Following Statements Is True of Costing Systems

question 85

Multiple Choice

Which of the following statements is true of costing systems?

• A) A process costing system would be used by manufacturers of custom-made perfumes.
• B) A job order costing system would be used by manufacturers of baking utensils.
• C) A construction company would likely use a process costing system.
• D) An accounting firm would likely use a job order costing system.

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Definitions:

Adaptation-Level Phenomenon

The tendency of humans to judge various stimuli and situations relative to those they have previously experienced.

Relative Deprivation

The experience of feeling disadvantaged or less fortunate compared to others, often leading to dissatisfaction or resentment.

Military Branch

A division of a nation's armed forces responsible for a specific type of military operations, such as army, navy, or air force.

U.S. Air Corps

The aerial warfare service component of the United States Army prior to the creation of the United States Air Force.