1) If the products of a manufacturing process are produced to customer T F speci

ID: 2514288 • Letter: 1

Question

1) If the products of a manufacturing process are produced to customer T F

specifications, a process cost system is more appropriate than a job

order cost system.

2) A manufacturer may employ a job order cost system for some of its products T F

and a process cost system for others.

3) Period costs are costs that are incurred for the production requirements T F

of a certain period.

4) The inventory accounts generally maintained by a manufacturing firm are only T F

finished goods and materials.

1) TRUE,

2) TRUE

3) FALSE

4) FALSE, inventory accounts are maintained by different firms

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