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Which of the following statements is false with respect to job-order costing and process costing? Multiple Choice Both systems assign materials, labor, and manufacturing overhead

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Which of the following statements is false with respect to job-order costing and process costing? Multiple Choice Both systems assign materials, labor, and manufacturing overhead costs to products. O Both systems use the same basic manufacturing accounts, including Manufacturing Overhead, Raw Materials, Work in Process, and Finished O Both systems are used in situations where identical units of a single product are produced on a continuous basis. O The flow of costs through the manufacturing accounts is basically the same in both systems

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