Indicate which of the following statement is not correct a.Manufacturing costs are assigned the same way in a job order and in a process cost system b.Manufacturing costs are accumulated the same way...

Indicate which of the following statement is not correct

a.Manufacturing costs are assigned the same way in a job order and in a process cost system

b.Manufacturing costs are accumulated the same way in a job order and in a process cost system

c.Both a job order and a process cost system track the same three manufacturing cost elements – direct materials, direct labor and manufacturing overhead

d.In a job order cost system, only one work in process is used, while in process cost system, multiple work in process inventory accounts are used

Jun 10, 2022

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Indicate which of the following statement is not correct a.Manufacturing costs are assigned the same way in a job order and in a process cost system b.Manufacturing costs are accumulated the same way...

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