Updated on August 13, 2022
Answer
Answer 1 | |||||||
The answer is Option c. | |||||||
Accounting firm is least likely to use a process costing system. |
|||||||
Answer 2 | |||||||
The answer is Option b. | |||||||
The flow of costs through the
accounts is same in both Job order costing system and Process Costing system. |
|||||||
Answer 3 | |||||||
The answer is Option b. | |||||||
Conversion costs are direct labour plus manufacturing overhead. |
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