Which of the following are the two main types of cost accounting systems for manufacturing operations? Question 11 options: process cost and general accounting systems job order cost and process cost systems job order and general accounting systems process cost and replacement cost systems

Which of the following are the two main types of cost accounting systems for manufacturing operations? Question 11 options: process cost and general accounting systems job order cost and process cost systems job order and general accounting systems process cost and replacement cost systems

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 2DQ: In job order cost accounting, the three elements of manufacturing cost are charged directly to job...

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Question

Which of the following are the two main types of cost accounting systems for manufacturing operations?

Question 11 options:

	process cost and general accounting systems
	job order cost and process cost systems
	job order and general accounting systems
	process cost and replacement cost systems

Definition Definition Accounting technique that tracks the costs of materials, labor, and overhead for a particular job. The main purpose of job costing is to determine the profit or loss for each job. Repetitive work or poorly allocated employees can be addressed for the upcoming project through job costing.

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