Question:Indicate which of the following statement is not correct?
A Both a job order and a process cost system track the same three manufacturing cost element - direct materials, direct labor and manufacturing overhead.
B In a job order cost system, only one work in process accounting is used, whereas in a process cost system, multiple work in process cost system.
C Manufacturing costs are accumulated the same way if a job order and in a process cost system.
D Manufacturing costs are assigned the same way in a job order and in a process cost system.
+ AnswerD
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