Companies strive to decrease their costs and reduce their selling prices through economies of scale and standardization of finished products, among other possibilities

Book income refers to the amount of income reported on a company's tax return

Indicate whether the statement is true or false.

As related to a job order costing system, answer the following questions: a. What is a job order costing system? Identify three kinds of companies that would use such as system. b. What is a job order? c. What is the purpose of a job order cost card? Identify the kinds of information recorded in it