A Standard Cost System May Be Used In: (CPA Adapted)

question 69

Multiple Choice

A standard cost system may be used in: (CPA adapted)

• A)job-order costing but not process costing.
• B)either joB.order costing or process costing.
• C)process costing but not job-order costing.
• D)neither process costing nor job-order costing.

---

Definitions:

Implied Warranty

A legal assurance, not expressly stated, that a product or service will meet certain quality and performance standards.

Packaged Foods

Food items that are sold in wrappers, boxes, cans, or other packaging, typically processed and prepared for ease of consumption.

Properly Packaged

Items or products are wrapped or contained in an appropriate manner to ensure safety, quality, and compliance with regulations.

Implied Warranty

A legal term for the guarantee or promise that a product will meet a minimum level of quality and functionality without being explicitly stated.