All of the Following Are Ways That a Job Costing

question 1

Multiple Choice

All of the following are ways that a job costing system used by a service organization may differ from one used by a manufacturing company except:

• A)Costs in service organizations are typically tracked by customer rather than product.
• B)Account names for service organizations are slightly different from those used by manufacturers.
• C)Service organizations tend to use fewer materials.
• D)The process of tracking labor for service organizations is completely different from the process used by manufacturers.
• E)None of the answer choices is correct.

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Definitions:

Monthly Revenues

The total income generated by a business, organization, or individual from all sources before any expenses are subtracted, calculated on a monthly basis.

Upper Quartile

The value below which 75% of the observations in a dataset fall, also known as the third quartile, representing the midway point of the upper half of a data set.

Government Workers

Employees who work for local, state, or federal governments, performing a wide range of public service duties.

Lower Quartile

The median of the lower half of a data set, marking the 25th percentile.