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

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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.

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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.

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