The demand for seats in 10 a. m. classes at the college of the canyons is higher than the demand for seats in 8 a. m. classes. the supply is fixed. if the college prices classes at the price required to achieve equilibrium at 10 a. m., there will be a shortage at 8 a. m. a surplus at 8 a. m. equilibrium at 8 a. m. disequilibrium at 8 a. m., but we cannot determine which type.

Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.