Which of the following statements is(are) true regarding product costing?
(A) A job is a cost object that can be easily and conveniently distinguished from other cost objects.
(B) Job cost sheets are used in accounting systems as a subsidiary ledger for the Work-in-Process account.
A) Only A is true.
B) Only B is true.
C) Both of these are true.
D) Neither of these is true.

Question

Quizplus · Accepted Answer

A job is indeed a cost object that can be easily and conveniently distinguished from other cost objects, and job cost sheets are used as a subsidiary ledger for the Work-in-Process account in accounting systems.

Which of the Following Statements Is(are) True Regarding Product Costing