A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as Options: A . &nbspaccounting period costing system B . &nbspprocess costing system C . &nbspjob costing system D . &nbspnone of above

A unit cost calculated in costing system, by assigning total costs incurred to m

Question

A unit cost calculated in costing system, by assigning total costs incurred to many similar units is categorized as

Options:

A . accounting period costing system

B . process costing system

C . job costing system

D . none of above

Answer: Option B
Answer: (b).process costing system

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Question 1. The first step in process costing system is to....

Question 2. If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 ....4000, then ending work in process equivalent units will be

Question 3. In process costing method, when the work done in current accounting period, and beginning inventory before current acco....and beginning inventory before current accounting period, is classified as

Question 4. The costs that are incurred in last department, where the product has been processed and will be carried to next departm....be carried to next department for further processing are called

Question 5. The partial or completed units of manufactured goods, that do not meet customer specifications and get sold at reduced p....get sold at reduced price or simply discarded, are called

Question 6. In process and job costing system, the normal spoilage cost is considered as....

Question 7. Total cost related to work in process inventory is divided by total units of work done is used to calculate....

Question 8. The costing system, which is a combination of process costing and job costing system, is classified as....

Question 9. The types of spoilage include....

Question 10. The categories of cash flows include....

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