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

question 16

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:

Perceived Inequity

A feeling of unfairness experienced when an individual perceives a disparity between their inputs and outputs compared to others in a similar situation.

Cafeteria Compensation Plan

A flexible employee benefits plan allowing employees to choose from a variety of pre-tax salary options and benefits.

Compensation Plans

Structured pay and benefits schemes designed to attract, retain, and motivate employees, often including salaries, bonuses, and other incentives.

Contingent Time Off

Leave from work that is granted based on specific conditions or occurrences, which may include emergencies, personal reasons, or meeting certain work performance criteria.