A Service Organization Will Not Use the Job Order Costing

question 119

True/False

A service organization will not use the job order costing method because it has no direct materials.

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Definitions:

Confidence Interval

A scope of values, extracted from sample observations, which is anticipated to hold the value of a hidden population parameter.

Sample Size

The tally of data points or observations obtained from a segment of a larger population in a sample.

Jail Time

The period an individual is required to spend in prison as a consequence of a crime they have been convicted of.

Margin of Error

An estimate of the amount of possible error in the results of a survey or poll, often expressed as a percentage.