question archive Label each statement below as either true ("T") or false ("F")
Label each statement below as either true ("T") or false ("F")
Subject:FinancePrice: Bought3
Label each statement below as either true ("T") or false ("F").
1) The cost per equivalent unit is computed as the total costs of a process divided by the number
of equivalent units passing through that process.
2) Service companies are not able to use process costing.
3. Costs per job are computed in both job order and process costing systems.
4. Job order and process operations both combine materials, labor, and overhead in producing
products or services.
For each of the following products and services, indicate whether it is more likely produced in a process
operation or a job order operation.
1. Beach toys
2 Concrete swimming pool
3. iPhones
4. Wedding reception
5. Custom suits
6. Juice
7. Tattoos
8. Guitar picks
