Indicate Whether Each of the Following Statements About Costing Systems

question 44

Short Answer

Indicate whether each of the following statements about costing systems is true or false.
Job-order costing systems accumulate product costs by department.______
Job-order costing systems are used by many companies to determine the cost of services provided to customers.______
Companies use job-order costing systems when they need to determine the cost of individual batches of products.______
Job-order costing systems allocate costs to homogeneous products.______
With a process costing system,the cost per unit of product is calculated by dividing total product cost by number of units produced in a batch.______

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Definitions:

Discovery

A phase in the litigation process during which the opposing parties may obtain information from each other and from third parties prior to trial.

Summons

A document informing a defendant that a legal action has been commenced against him or her and that the defendant must appear in court on a certain date to answer the plaintiff’s complaint. The document is delivered by a sheriff or any other person so authorized.

Motion to Strike

A legal request made to a court to remove specific allegations or evidence from the court records, often due to irrelevance or inappropriateness.

Electronic Evidence

Information or data stored in digital form that is used as proof in legal proceedings.