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Homework answers / question archive / The two basic types of cost accounting systems are _____

The two basic types of cost accounting systems are _____

Business

The two basic types of cost accounting systems are _____.

a. job order and job accumulation systems

b. job order and process cost systems

c. process cost and batch systems

d. job order and batch systems

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The correct answer is b. job order and process cost systems.

  • The job order costing system is best suited for products which are highly customized and low-volume in nature, whereas process costing is useful for products that are produced in large batches and are homogenous in nature.

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