False is the correct answer
Answer:
C. Both A and B
Explanation:
Operation Costing:
is the acccount of process costing until there is a split-point when the costing systems moves to job system.
This means the materials are calculate with calculate with process costing. And then there is a degree of customization which makes the job costing useful.
(A) FALSE is the other way around. The system use process costing until split point, when it switch to job costing for specific procedures.
(B) FALSE
An automobile manufacturer do the same car over and over.
There is no difference between the car. It will use process costing.
Chapter 12 is meant primarily for: A. Farmers
When goods are produced at the lowest possible cost an economy is said to have achieved?
Answer: production efficiency
Answer:
Principal resources are reported as a line-item within the management wide declaration of net situation. Non-depreciable principal resources are individually reported within the proceedings to the money declarations. The revealing expressions starting equilibriums, will increase and reduces, and finish stabilities for every main category of principal assets, yet because the same info for accrued devaluation for every key category. These revelations are given individually for the wealth assets of administrative actions, occupational sort actions, and unnoticeably given part units. The summaries stipulate capitalization inceptions for all principal assets, together with arrangement. The summaries display the quantities of devaluation expenditure assigned to every major operate or package for administrative actions at the government-wide flat. The decline strategies and calculable lives of main categories of depreciable resources are released. Summaries do reveal the strategies relating to capitalization of assortment of skills and historic materials if some. These collectibles aren't criticized however market price of those art effort is measured to reason gain/ injury at the year finish. Accounting strategies for possessions no inheritable underneath capita tenancy are obviously mere
