Manufacturing Entities Which Produce Products That Consume Resources Differently and Whose

question 44

Multiple Choice

Manufacturing entities which produce products that consume resources differently and whose costing system needs to separate costs by individual jobs use:

• A)process costing
• B)period costing
• C)job costing
• D)peak load costing

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Definitions:

Assignment

The transfer of rights, duties, or interests under a contract or agreement from one party to another.

Assignor

An individual or entity that transfers rights or interests in a property, contract, or other asset to another.

Assignee

A person or entity to whom rights or interests have been transferred through a legal agreement or contract.

UCC

Stands for Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.