Which Costing System Uses Equivalent Units in the Computation of Costs

question 99

Multiple Choice

Which costing system uses equivalent units in the computation of costs?

• A)Job costing
• B)Process costing
• C)Both a and b
• D)Neither a nor b

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Definitions:

Query Type

A classification or kind of query, typically in databases or information retrieval, specifying the nature or format of the information or data requested.

Multivalued Field

Refers to a database field that can hold more than one value, contrary to the principle of atomicity in database design.

Distinct

Distinct refers to something that is clearly different or unique in comparison to other items, characteristics, or entities.

Make-table Query

A type of database query that creates a new table and populates it with data selected from one or more existing tables.