For each characteristic listed below, indicate whether the characteristic is more descriptive of obj. 1 a

(a) job-order costing system or a

(b) process costing system.

1. More detailed information is required for costing purposes.

2. Products are similar in cost and in required manufacturing activities.

3. Cost estimates are less accurate because of averaging.

4. Costs are accumulated for a given period of time.

5. Products usually vary in cost and required manufacturing activities.

6. Identical units pass through a series of different processes.

7. The total cost for the period is divided by the total units produced during the period.

8. Costs are accumulated by batch or job number.

9. Each unit of product receives a similar amount of manufacturing costs.

10. Units of different products may receive a different amount of manufacturing costs.