What Are the Two Basic Types of Costing Systems

question 29

Multiple Choice

What are the two basic types of costing systems?

• A) Job costing and process costing
• B) Periodic costing and perpetual costing
• C) Product costing and materials inventory costing
• D) Periodic costing and process costing

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Definitions:

Cones

Photoreceptor cells in the retina of the eye that function best in bright light and enable the perception of color and fine detail.

Dark Adaptation

The process by which the eyes increase their sensitivity to low levels of light, allowing for better vision in the dark.

Rods

Photoreceptor cells in the retina of the eye that are sensitive to low light levels and are primarily responsible for night vision.

Dark Adaptation

The process by which the eyes increase their sensitivity to low levels of light, improving the ability to see in the dark.