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Unit 4 - Practice for Review - Unit 4 Job Order Costing...

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Unit 4: Job Order Costing & Process Cost Systems - Practice for Review Hel p
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1. Cost accounting systems are used to supply cost data information on costs incurred by a manufacturing process or department. (Points: 1) True False 2. A manufacturer may employ a job order cost system for some of its products and a process cost system for others. (Points: 1) True False 3. A job order cost accounting system provides for a separate record of the cost of each particular quantity of product that passes through the factory. (Points: 1) True False 4. A process cost accounting system provides for a separate record of the cost of each particular quantity of product that passes through the factory. (Points: 1) True False 5. A process cost accounting system accumulates costs for each of the departments or processes within the factory. (Points: 1) True False 6. The job order costing system is used by service firms to determine revenues, expenses, and ultimately profit. (Points: 1) True False 7.
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