COST ACCOUNTING
MANUFACTURING OVERHEAD
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
The two basic types of cost accounting systems are:
|
|
Job order costing and perpetual costing.
|
|
|
Job order costing and customized product costing.
|
|
|
Job order costing and periodic costing.
|
|
|
Job order costing and process costing.
|
Explanation:
Detailed explanation-1: -The two basic types of cost accounting systems are: Job order costing and process costing. A source document that production managers use to request materials for production and that is used to assign materials costs to specific jobs or to overhead is a: Materials requisition.
Detailed explanation-2: -A cost accounting system helps determine how much the production of a good or service will cost. There are two types of systems: job order costing and process costing.
Detailed explanation-3: -The two main types of cost accounting include job order costing and process costing. Job order costing is used to assign costs to specific products.
There is 1 question to complete.