Question

Job-order and process cost systems are two different costing systems that a company chooses between based on the preference of management.

Select one:

True

False

Job-order and process cost systems are used only in the United States.

Select one:

True

False

Under job-order costing, the actual direct material, actual direct labor, and estimated overhead costs are recorded on the job cost sheet.

Select one:

True

False

Answer 1