Which of the Following Is False Concerning an Operations-Costing System

question 26

Multiple Choice

Which of the following is False concerning an operations-costing system?

• A) It has characteristics of a job-costing system and of a process-costing system.
• B) Within each operation, all product-units are treated exactly alike with respect to conversion costs.
• C) Direct materials that are unique to different work orders, are specifically identified with the appropriate work order, as in job-costing.
• D) Work orders are used to specify direct materials and step-by-step operations.
• E) A separate conversion cost is calculated for each work order, as in job costing.

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Definitions:

Social Category

A grouping of people who share a common characteristic or attribute but do not necessarily interact or identify with one another.

Example

A representative case used to illustrate or explain a rule, situation, or principle.

In-groups

Social groups to which an individual feels they belong and with which they identify, fostering a sense of loyalty and us-versus-them dynamics with out-groups.

Out-groups

Groups to which an individual does not belong or identify with, often regarded by members of the in-group as their opponents or as socially inferior.