Which of the following are the two main types of cost accounting systems for manufacturing operations?
A) Process cost and general accounting systems
B) Job order cost and process cost systems
C) Job order cost and general accounting systems
D) Process cost and replacement cost systems

Question

Quizplus · Accepted Answer

The two main types of cost accounting systems for manufacturing operations are job order cost and process cost systems. Job order cost systems track the costs of custom orders or projects, while process cost systems track the costs of mass-produced goods. Option A is incorrect as general accounting systems are not specific to manufacturing operations. Option C is incorrect as general accounting systems do not focus on the tracking of costs related to manufacturing operations. Option D is incorrect as replacement cost systems are not a type of cost accounting system for manufacturing operations.

Which of the Following Are the Two Main Types of Cost