Which of the following statements is not true?
A)Time and billing systems in the professional service industry are similar to job order costing systems in manufacturing firms.
B)Time and billing systems are an important component of an AIS for manufacturing firms
C)A difficult problem for time and billing systems is tracking staff time
D)All of the above are true

Question

Quizplus · Accepted Answer

Time and billing systems are primarily used in the professional services industry (like law firms, accounting firms, consulting firms) to track the time spent on various projects or with different clients for billing purposes. Manufacturing firms, on the other hand, typically use job order costing or process costing systems to track production costs. Therefore, statement B is not true as it inaccurately associates time and billing systems as an important component for manufacturing firms.

Which of the Following Statements Is Not True