A standard cost system may be used in: (CPA adapted)
A)job-order costing but not process costing.
B)either joB.order costing or process costing.
C)process costing but not job-order costing.
D)neither process costing nor job-order costing.

Question

Quizplus · Accepted Answer

A standard cost system can be used in both job-order costing and process costing. It involves establishing predetermined cost standards for each unit of production and comparing actual costs to these standards to identify variances. This can be applied to both job-order and process costing systems.

A Standard Cost System May Be Used In: (CPA Adapted)