Which of the Following Are Similar for Job Order and Process

question 57

Multiple Choice

Which of the following are similar for job order and process costing?

• A) Record keeping
• B) Measures of output
• C) Focal point of costs
• D) Cost flows, i.e. raw materials to work in process to finished goods to cost of sales

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Definitions:

Benefits

Advantages or favorable outcomes resulting from actions or conditions.

Proposals

Documents or presentations that offer a plan or suggestion for consideration or discussion by others, especially in a professional or business context.

RFP

Request for Proposal; a document that solicits proposal, often through a bidding process, from potential suppliers or contractors.

Implications

The possible effects, consequences, or outcomes that may result from a particular action or set of conditions.