The basic types of cost accounting systems are:
A)Job order cost systems,activity based cost systems,and process cost systems.
B)Direct cost systems and indirect cost systems.
C)Completed job cost systems and work in process cost systems.
D)Fixed cost systems and variable cost systems.

Question

Quizplus · Accepted Answer

Job order cost systems, activity based cost systems, and process cost systems are the three basic types of cost accounting systems. Direct cost systems and indirect cost systems refer to how costs are assigned, rather than the overall system being used. Completed job cost systems and work in process cost systems are more specific types of job order cost systems. Fixed cost systems and variable cost systems refer to cost behavior, rather than the overall accounting system being used.

The Basic Types of Cost Accounting Systems Are