ACCT561 Quiz week 3: Job Order Costing, Process Costing, and Activity Based Costing

Apr 22nd, 2015
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A major purpose of cost accounting is to measure, record, and report product costs. The two basic types of cost accounting systems are job order and process cost systems.

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ACCT561 Quiz week 3, Chapter15 - Job Order Costing, Ch. 16 - Process Costing, and Ch. 17 Activity Based Costing1. A major purpose of cost accounting is to measure, record, and report product costs.2. The two basic types of cost accounting systems are job order and process cost systems.3. A process cost system would most likely be used by a company that makes breakfast cereal. (Ch. 15, page 799)4. Which of the following would be accounted for using a job order cost system? The construction of a new campus building. (Ch. 15, page 799)5. The flow of costs in a job order cost system invol

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