Which one of the following statements is true?
A)In a job-costing system, individual jobs use different quantities of production resources.
B)In a process-costing system each unit uses approximately the same amount of resources.
C)An averaging process is used to calculate unit costs in a job-costing system.
D)Both A and B are correct.

Question

Quizplus · Accepted Answer

In a job-costing system, each job is unique and uses different quantities of production resources. In contrast, in a process-costing system, each unit uses approximately the same amount of resources. An averaging process is used to calculate unit costs in both systems. Therefore, statement A and B are correct, and the correct answer is D.

Which One of the Following Statements Is True