Which of the following statements is true? I. Job-order costing would be more likely to be used than process costing in situations where many different products or services are produced each period to customer specifications. II. A job-order costing system would be best suited for production of a large quantity of a homogeneous product. Multiple Choice Statement I is true. Statement II is true. Both statements are true. Neither statement is true. < Prev 2 of 20 Nex