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Unformatted text preview: Correct. A process cost accounting system is most appropriate when similar products are mass-produced. the focus of attention is on a particular job or order. individual products are custom made to the specification of customers. a variety of different products are produced, each one requiring different types of materials, labor, and overhead. Correct. Differences between a job order cost system and a process cost system include all of the following except the point at which costs are totaled. unit cost computations. flow of costs. documents used to track costs Correct. Which of the following is a true statement about process cost systems? Unit costs are not computed in process cost systems. In process cost systems, costs are accumulated but not assigned. A process cost system has one work in process account for each process. In process cost systems, costs are summarized on job cost sheets Correct....
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This note was uploaded on 11/07/2011 for the course ACCOUNTING 560 taught by Professor Alper during the Fall '09 term at Strayer.
- Fall '09