Question: URGENT: Please answer quick Statement I: The process cost system is appropriate where few products are manufactured and each product is made to custamers' specifications.

 URGENT: Please answer quick Statement I: The process cost system is

URGENT: Please answer quick

Statement I: The process cost system is appropriate where few products are manufactured and each product is made to custamers' specifications. Statement II: The principal dfference between process costing and job costing is that in job costing an avernging process is used to carrpute the unit costs of products or services. \begin{tabular}{l} thi Statements are True \\ buly Statement I is True \\ a Only Statements are False \\ Question 3 \\ Statement I: Normant II is True \\ Statement Il: If actual manufacturing averhead cost is applied to \\ Oath Statements are False \\ Only Statement I is True \\ \hline O Bath Statements are Trua \end{tabular} Question 4 O Manufacturing averhead transferred fram Finished Gaods to the Cast of Gaods Sold during the manth was P6,300,000. O Actual manufacturing averhead incurred during the morth was P7,700,000. O Manufacturing averhead for the manth was averapplied by 91,400,000. o Manufacturing averhend appliad to Work in Process for the manth was 96,300,000

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