IIA Exam IIA-CIA-Part3-3P Topic 12 Question 58 Discussion

Actual exam question for IIA's IIA-CIA-Part3-3P exam

Question #: 58
Topic #: 12

Which of me following is applicable to both a job order cost system and a process cost system?

ATotal manufacturing costs are determined at the end of each period.

BCosts are summarized in a production cost repot for each department

CThree manufacturing cost elements are tracked direct materials direct labor and manufacturing overhead.

DThe unit cost can be calculated by dividing the total manufacturing costs for the period by the units produced during the period

Show Suggested Answer

Suggested Answer: B

by Lyla at Oct 20, 2024, 10:17 AM

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Whitney

12 days ago

Option C seems to be the most applicable to both a job order cost system and a process cost system. Both systems track the three main manufacturing cost elements.

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Ira

21 days ago

I believe option B is also applicable, summarizing costs in a production cost report.

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Latrice

22 days ago

I agree with Marlon, calculating unit cost is important in both systems.

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Marlon

24 days ago

I think option D is applicable to both systems.

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