Which of the Following Statements Is True of Costing Systems

question 85

Multiple Choice

Which of the following statements is true of costing systems?

• A) A process costing system would be used by manufacturers of custom-made perfumes.
• B) A job order costing system would be used by manufacturers of baking utensils.
• C) A construction company would likely use a process costing system.
• D) An accounting firm would likely use a job order costing system.

---

Definitions:

Ross Stores

A popular American chain of off-price department stores specializing in offering discounted brand name apparel, footwear, and home accessories.

Pricing Practice

The methods and strategies employed by companies to set, adjust, and present the prices of their products or services to consumers.

Maintained Markup

Maintained Markup refers to the difference between the retail price of an item and its cost, excluding reductions for markdowns or promotional sales.

Precious Moments

A brand known for its collectible porcelain figurines, gifts, and ornaments that often commemorates sweet, sentimental moments.