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Book Cover
Financial and Managerial Accounting: The Basis for Business Decisions, 12/e
Jan R. Williams, University of Tennessee
Susan F. Haka, Michigan State University
Mark S. Bettner, Bucknell University
Robert F. Meigs
Accounting Systems for Measuring Costs

True/False Quiz

Please answer all questions



1

Cost accounting systems may be used to determine the cost of performing service functions, such as those performed by hospitals or governmental agencies, as well as to determine the cost of manufactured products.
A)True
B)False
2

A job order cost system does not provide the information required to compute the per-unit cost of each job completed.
A)True
B)False
3

A process cost system involves determining the average cost of running a unit of product through each department.
A)True
B)False








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