Which Costing System Is Most Likely to Be Used by Manufacturer

question 50

Multiple Choice

Which costing system is most likely to be used by manufacturer that produces unique products?

• A) parallel costing
• B) process costing
• C) job-order costing
• D) sequential costing

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Definitions:

Spin-Off

The distribution of shares in a subsidiary to existing parent company shareholders.

Subsidiary

A company that is completely or partly owned and partly or entirely controlled by another company, known as the parent company.

Shareholders

Individuals or entities that own shares in a corporation, thus holding a portion of the corporation's ownership.

Poison Pill

A defensive strategy used by companies to deter hostile takeovers by making the company less attractive to the potential acquirer.