Which of the following statements is incorrect regarding ABC and service industries? Since service organizations do not have inventories, product costing (and thus ABC) will not be necessary The output is more easily defined for a service organization than for a manufacturing organization Activities in a service organization tend to be more standardized than activities in a manufacturing organization None of the above statements are correct. QUESTION 2 The two basic types of cost accounting systems are job order and job accumulation systems. job order and process cost systems process cost and batch systems job order and batch systems. QUESTION 3 Which of the following would be accounted for using a job order cost system? The production of personal computers The production of automobiles The refining of petroleum The construction of a new campus building