Label each statement below as either true or false. 1. Cost per unit is computed by combining
Question:
Label each statement below as either true or false.
1. Cost per unit is computed by combining costs per unit across separate processes.
2. Service companies cannot use process costing.
3. Costs per job are computed in both job order and process costing systems.
4. Both job order and process operations combine materials, labor, and overhead in producing products.
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