Choose the Most Likely Used Costing System for the Industries

question 47

Multiple Choice

Choose the most likely used costing system for the industries listed below.
-Costing system used by a manufacturer of custom furniture.

• A)Process Costing
• B)Job Order Costing

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Definitions:

Acceptable Budget

A financial plan or limit that is deemed satisfactory by those to whom it applies.

Ross Perot

An American businessman and politician known for founding Electronic Data Systems and running as an independent candidate in the 1992 U.S. presidential election.

Campaign Donations

Financial contributions given to support a candidate, political campaign, or political party.

Balanced Budget

A financial plan where total revenues are equal to or greater than total expenses, eliminating deficits.