Generally accepted accounting principles (GAAP)prohibit the use of a hybrid cost system.

Name: Generally accepted accounting principles (GAAP)prohibit the use of a hybrid cost system.
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Quizplus · Accepted Answer

GAAP does not prohibit the use of a hybrid cost system, which combines features of both job order costing and process costing. However, GAAP requires that the cost system used accurately reflects the nature of the entity's operations and provides reliable information for financial reporting purposes.

Generally Accepted Accounting Principles (GAAP)prohibit the Use of a Hybrid