Which of the Following Is a Difference Between Job Order

question 5

Multiple Choice

Which of the following is a difference between job order costing and process costing systems?

• A)Companies that use a process costing system accumulate product costs throughout the production process while companies that use a job order costing system accumulate product cost only at the end of the production process.
• B)Companies that use a process costing system accumulate direct material and direct labor,but not manufacturing overhead while companies that use a job order costing systems accumulate direct material,direct labor and manufacturing overhead.
• C)Companies that use a process costing system accumulate product costs on the departmental production report while companies that use a job order costing system accumulate product costs on the job cost sheet.
• D)All of these ans choices are differences between process costing and job order costing systems.

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Definitions:

Measure of Variability

A statistic that describes the degree to which scores in a distribution spread out or cluster together, such as range, variance, or standard deviation.

Statistic

A numerical measure that describes a characteristic of a sample derived from a larger population.

Asymmetrical

Lacking symmetry; when two sides or halves of something do not match or are not equal in shape, size, or composition.

Distribution

The way in which something is shared or exists over a particular area or among a particular group of people.