The Two Basic Types of Cost Accounting Systems Are

question 10

Multiple Choice

The two basic types of cost accounting systems are:

• A) Job order costing and perpetual costing.
• B) Job order costing and customized product costing.
• C) Job order costing and customized service costing.
• D) Job order costing and process costing.
• E) Job order costing and periodic costing.

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Definitions:

Sample Size

The number of observations or data points used in a statistical analysis.

β Value

In statistics, represents the type II error rate, or the probability of failing to reject a false null hypothesis; also used to denote regression coefficients in multiple regression models.

Increasing

Becoming greater or larger in quantity, size, intensity, or degree.

Standard Deviation

A figure that gauges the scatter of data points around the mean value, demonstrating the extent of dispersion.