Question
TB MC Qu. 12-72 (Static) Drummond Company provides customized... Drummond Company provides customized computer training to employees of large corporations. What kind of costing system
TB MC Qu. 12-72 (Static) Drummond Company provides customized...
Drummond Company provides customized computer training to employees of large corporations. What kind of costing system should Drummond use?
Multiple Choice
-
Job-order costing
-
None of these answers are correct.
-
Process costing
-
Standard costing
----------------
Which of the following statements regarding a process costing system is false?
Multiple Choice
-
The number of equivalent units for a period takes into account the stage of completion of ending work in process inventory.
-
Use of a process costing system would be appropriate for a company that manufactures luxury yachts.
-
Unit costs are computed for each department.
-
Unit cost is determined for a designated period of time.
--------------------
B MC Qu. 12-71 (Static) The two most common types of costing systems...
The two most common types of costing systems are:
Multiple Choice
-
Job-order and process costing systems.
-
Job-order and direct costing systems.
-
Process and standard costing systems.
-
Process and transfer costing systems.
--------------------
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started