Answer the following statements true (T) or false (F)
1. For a service company, such as an accounting firm, each client is considered a job.
2.Unlike manufacturing companies, service companies use an allocation base for allocating both direct
and indirect costs.
3. Process costing rather than job order costing is more appropriate for service companies.
1. TRUE
2. FALSE
3. FALSE
You might also like to view...
How can service organizations help guests cope with information overload?
a. only create information-lean environments b. post reminders that will improve memory retention c. create sensory cues that prime subconscious memory d. provide information online
Identify and explain the different components of a product's benefits and costs
What will be an ideal response?
The I/Y key on a financial calculator stores the information for the interest rate or the discount rate per period
Indicate whether this statement is true or false.
The theft or misappropriation of valuable business information, such as a trade secret, is the crime of economic espionage
a. True b. False Indicate whether the statement is true or false