Question: Identify the costing system that best matches the items below. Use each only once. A. Job-order costing B. Activity-based costing C. Operations costing D. Process

Identify the costing system that best matches the items below. Use each only once.

A. Job-order costing B. Activity-based costing C. Operations costing D. Process costing E. None of the above.

i. Used when there is a single cost driver to allocate indirect costs

ii. Used when there are multiple products but similar utilization of conversion costs

iii. Used when there are multiple products and different utilization of conversion costs

iv. Used when there is a single product and a continuous production process

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