Which of the Following Is Not True About Job-Order Costing

question 127

Multiple Choice

Which of the following is not true about job-order costing?

• A) It is used in firms that produce homogeneous products.
• B) The cost of each job is accumulated on the job-order cost sheet.
• C) The key document for accumulating manufacturing costs is the job-order cost sheet.
• D) All of these are correct.
• E) None of these are correct.

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Definitions:

Aggregate Plan

A planning strategy that outlines the overall production activities of a company over a certain period of time to meet forecasted demand.

Master Production Schedule

A detailed plan that outlines exactly what is to be produced, in what quantities, and when, serving as a critical component in manufacturing and supply chain management.

Finance

The field that deals with the management of money, including the creation, management, and investment of it, across various entities like individuals, businesses, and governments.

Master Production Schedule

A detailed timetable for manufacturing, which outlines what to produce, in what quantities, and when, aligning production with demand.