Reference no: EM132950419

Problem 1: Which of the following is NOT a characteristic of job-order costing?

Option 1: Wide variety of distinct products.

Option 2: Unit cost is computed by dividing process costs of the period by the units produced in the period.

Option 3: Typically, the cost of one job is different than that of another job.

Option 4: Costs are accumulated by the job.

Problem 2: Production costs do NOT include

Option 1: direct materials.

Option 2: direct labor.

Option 3: fixed and variable overhead.

Option 4: all of these are production costs.