Which One of the Following Statements Is True

question 63

Multiple Choice

Which one of the following statements is true?

• A)In a job-costing system, individual jobs use different quantities of production resources.
• B)In a process-costing system each unit uses approximately the same amount of resources.
• C)An averaging process is used to calculate unit costs in a job-costing system.
• D)Both A and B are correct.

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Definitions:

Independent Variables

Variables in an experiment or model that are manipulated or changed to assess their effect on dependent variables.

Degrees Of Freedom

A parameter of the t distribution. When the t distribution is used in the computation of an interval estimate of a population mean, the appropriate t distribution has n − 1 degrees of freedom, where n is the size of the sample.

Observations

Individual data points or recorded measures from a study or experiment.

Independent Variables

Factors in a model or experiment that are deliberately altered to study their impacts on outcome variables.