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When job order costing system would be more appropriate than process costing system?
A job order costing system would be more appropriate than a process costing system for manufacturers who use different types of goods throughout the manufacturing process. Process costing is best to you when manufacturing a large amount of the same items.
Is the selection of an appropriate cost allocation base more important for a single-stage cost allocation system than it is for a two-stage cost allocation system?
no
How do you record entries using the imprest fund system?
debit all the necessary expenses credit the appropriate cash account
What type of cost should not be assigned to products in an activity-based costing system?
Organization-sustaining costs, customer-level costs, and the costs of idle capacity should not be assigned to products. These costs represent resources that are not consumed by the products.
Which of the following is the most appropriate and modern definition of accounting?
The information system that identifies, records, and communicates the economic events of an organization to interested users.
What is a command economic system is characterized by?
A command economic system is one in which people rely on the government to decide what products will be produced and who the products will be distributed to after they are produced.
Mixed-market economic system who determines what products should be produced and how they should be produced?
Producers. A+
In a traditional economic system which type is most often produced?
Agricultural products
Why were colonies important in the mercantile system?
They produced products that couldn't be made in England.
What are the by products of the aerobic energy system?
The by-products of the aerobic energy system are carbon dioxide and water. These by-products are produced during the breakdown of glucose in the presence of oxygen to generate ATP for energy.
How do the digestive system and the renal system interrelate?
The renal system eliminates some of the waste products produced by digestion; in particular proteins.
When is a job order costing system more appropriate than a process costing system?
Job order costing is more appropriate than process costing when the product being produced is a custom product
Which of the following five types of products is least likely to be produced in a process manufacturing system?
Oil Painting
What system collects blood and remove wastes that are produced by cells?
The circulatory system collects blood from different parts of the body and carries it to the kidneys, where waste products produced by cells are removed. The kidneys filter the blood to remove waste products, which are then excreted from the body in urine.
What system filters the waste produced by cells?
The urinary system filters waste produced by cells. Kidneys filter blood to remove waste products like urea and excess electrolytes, which are then eliminated as urine through the bladder.
Is the excretory system?
Excretion is the casting off of waste products. The excretory system is the system in the body that collects waste produced by the cells and removes the waste from the body. In the human body, excretion occurs in the kidneys (which filtered out most waste products from the blood stream), the liver (which only eliminates a couple of waste products), and the skin.
Does lymph system make thrombocytes?
No, thrombocytes (platelets) are produced in the bone marrow, not in the lymphatic system. The lymphatic system is responsible for carrying lymph fluid, immune cells, and waste products throughout the body.
