A law firm wanting to track the costs of serving different clients may use a:
A)process cost system.
B)job order cost system.
C)cost control system.
D)standard cost system.

Question

Quizplus · Accepted Answer

A job order cost system is used when a company produces unique, high-cost products or services that require individualized tracking of costs. Law firms typically have varying costs associated with different clients, and a job order cost system is therefore the best choice for tracking these costs. The other options (process cost system, cost control system, and standard cost system) are not suitable for tracking individual client costs, as they are more focused on overall cost management or standardizing costs across products or services.

A Law Firm Wanting to Track the Costs of Serving