Choose from the following list the ones that are characteristics of job-order costing and the ones...

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Choose from the following list the ones that are characteristics of job-order costing and the ones that are characteristics of process costing. 1. 2. 3. 4. 5. 6. 7. Cost totalled by job or batch. Unit cost calculated by dividing total job costs by units produced. Homogeneous products with high volumes. Unit cost calculated by dividing total process costs during the period by units produced during that period. Distinct products with low volumes. Costs added by process or department. Used for manufacturing of chemicals, gasoline, microchips, soft drinks, processed food, electricity. Choose from the following list the ones that are characteristics of job-order costing and the ones that are characteristics of process costing. 1. 2. 3. 4. 5. 6. 7. Cost totalled by job or batch. Unit cost calculated by dividing total job costs by units produced. Homogeneous products with high volumes. Unit cost calculated by dividing total process costs during the period by units produced during that period. Distinct products with low volumes. Costs added by process or department. Used for manufacturing of chemicals, gasoline, microchips, soft drinks, processed food, electricity.

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