c. job order cost and general accounting systems d. process cost and replacement cost systems 20. On which of the following does a company incur liability for a dividend? a. the date of record b. the date of payment c. the date of liquidation d. the date of declaration 21. If the cost of direct materials is not a significant portion of the total product cost, it may be as a. direct labor costs b. selling and administrative costs c. miscellaneous costs d. factory overhead costs 22. Which of the following activity bases would be the most appropriate for food costs of a 4 20. On which of the following does a company incur liability for a dividend? a. the date of record b. the date of payment c. the date of liquidation d. the date of declaration 21. If the cost of direct materials is not a significant portion of the total product cost, it may be classified as a. direct labor costs b. selling and administrative costs c. miscellaneous costs d. factory overhead costs