Question 1
Which of the following is the costing system used for mass produced like or similar units of products?
◦ inventory-costing systems
◦ job-costing systems
◦ process-costing systems
◦ weighted-average costing systems
Question 2
Which of the following most accurately describes the contrast between process and job costing?
◦ In process costing, they include all the factors of production but job costing includes only materials and labor
◦ job costing includes materials, labor and overhead while process costing only considers conversion costs
◦ the main difference is the extent of averaging used to compute the unit costs
◦ job costing measures the variable cost of identical jobs while process costing measures the cost of identical products using average units costs of materials and conversion costs, some of which are fixed costs
A Simple Model of the Learning Process
The Cryokinetic Process
Stages of the Infection Process
Radiology Procedures Not Requiring Contrast Media
The Bergeron Process
Production of Ethanol process