A System of Accounting in Which Costs Are Accumulated and Then

question 64

Multiple Choice

A system of accounting in which costs are accumulated and then measured per unit at the end of a period by combining costs per equivalent unit from various departments is a:

• A) Job order cost accounting system.
• B) Process costing system.
• C) General cost accounting system.
• D) Work in Process accounting system.
• E) Manufacturing cost accounting system.

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Definitions:

ASVAB

The Armed Services Vocational Aptitude Battery, a test used by the U.S. military to determine qualification for enlistment and job placement.

Power Tests

Tests designed to measure the limit of a person's ability or the highest level of skill, knowledge, or capability that an individual can perform without time pressure.

Composite Scores

Aggregate scores calculated by combining the scores from multiple assessments or tests to provide a single overall score.

Holland Codes

A theory of careers and vocational choice based upon personality types, formulated by psychologist John L. Holland; often used for career counseling.