Biology Forums - Study Force

Which of the following statements is true?

1. Job-order costing would be more likely to be used than process costing in situations where many different products or services are produced each period to customer specifications.
2. A job-order costing system would be best suited for production of a large quantity of a homogeneous product.

▸ Statement I is true.

▸ Statement II is true.

▸ Both statements are true.

▸ Neither statement is true.

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