Choose the Most Likely Used Costing System for the Industries

question 45

Multiple Choice

Choose the most likely used costing system for the industries listed below.

-Costing system used by a cruise ship builder

• A)Process costing
• B)Job order costing

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Definitions:

Possession

The state of having control over something or someone, legally indicating ownership or the right to use.

Conditional Sales Contract

A type of contract in which the sale itself is contingent on approval; can be either a sale-on-approval contract or a sale-or-return contract.

Certified Appraiser

A professional designation for an individual qualified to assess the value of real property and personal property.

Masterpiece Sculptures

Exceptionally high-quality sculptures that are widely recognized for their artistic, historic, or cultural significance.