Standard Cost Accounting May Be Used with Either a Job

question 47

True/False

Standard cost accounting may be used with either a job order cost system or a process cost system.

---

Definitions:

Evolution

A process through which species undergo changes over time due to genetic variation and natural selection.

Fitness

In evolutionary biology, refers to an organism's ability to survive, reproduce, and pass its genes to the next generation.

Neurons

Nerve cells that are the basic building blocks of the nervous system, responsible for receiving sensory input from the external world, sending motor commands to our muscles, and transforming and relaying the electrical signals at every step in between.

Environment

The surrounding physical, chemical, and biological factors and conditions that influence the growth, development, and survival of organisms.