______________ Costing and ____________ Costing are the two categories of costing systems.Select one:a.Historical, Standardb.Throughput, Backflushc.Manufacturing, Non-manufacturingd.Direct, Indirect

In terms of behavior, cost can be categorized as ____________ and _____________ cost.Select one:a.manufacturing, non-manufacturingb.fixed, variablec.product, periodd.direct, indirect

A costing system which contains features of both process and job order operations is called a(n):Multiple ChoiceHybrid costing system.Yield costing system.Work in process costing system.Mixed production costing system.None of the above.

The essential difference between __________ costing and ____________ costing is timing.Select one:a.manufacturing, overheadb.absorption, activity-basedc.variable, absorptiond.fixed, variable

What are the major characteristics of process costing system? The main characteristics of processcosting system may be summarized as follows:1. A cost of production report is used to collect, summarize and compute total and unit costs.2. Production is accumulated and reported by departments.3. Costs are posted to departmental work in process accounts.4. Production in process at the end of a period is restated in terms of completed units.5. Total cost charged to a department is divided by total computed production of thedepartment in order to determine a unit cost for a specific period.6. Costs of completed units of a department are transferred to the next processingdepartment in order to arrive at the total costs of the finished products during a period. Atthe same time, costs are assigned to units still in process

Traditional costing systems assume that overhead is incurred _____________with the volume of output.Select answer from the options belowsmoothlyproportionatelyvariablyconversely