The Type of Cost Accounting System That Primarily Assigns Costs

question 37

Multiple Choice

The type of cost accounting system that primarily assigns costs to specific batches,or jobs,and is used where production items can be discretely identified is known as __________ cost accounting.

• A)just-in-time
• B)process
• C)job-order
• D)manufacturing resources

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Definitions:

Lowball Technique

A persuasive tactic in which an initially favorable offer is made, but then terms are changed to be less favorable once initial commitment is achieved.

Reciprocity Norm

A social norm that expects individuals to respond to each other in kind, favoring actions that have been beneficial to them.

Fact Sheet

A concise presentation of key information, data, and statistics on a specific subject, often arranged for quick reference.

Prejudice

Preconceived opinion not based on reason or actual experience, often directed towards people or groups.