What Are the Two Basic Types of Costing Systems

question 144

Multiple Choice

What are the two basic types of costing systems?

• A)Job costing and process costing
• B)Periodic costing and perpetual costing
• C)Product costing and materials inventory costing
• D)Periodic costing and process costing

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Definitions:

Cilia

Microscopic, hair-like structures on the surface of cells that move in a wave-like fashion to transport particles or fluids.

Perceptual Constancy

The brain's ability to recognize objects as unchanged despite changes in sensory input, such as changes in lighting, angle, or distance.

Brightness Constancy

The tendency to perceive the apparent brightness of an object as the same even when the light conditions change.

Kinesthetic Sense

The sense through which one perceives the position and movement of their body, including limbs, muscles, and joints, without using sight.