Saturday, June 2, 2012

Which one of the following statements is true

ACCOUNTING

Multiple Choice

Which one of the following statements is true?

a. In a job-costing system, individual jobs use different quantities of production resources.

b. In a process-costing system each unit uses approximately the same amount of resources.

c. An averaging process is used to calculate unit costs in a job-costing system.

d. Both (a) and (b) are true.

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