Question: A major difference between process costing and job-order costing is: Costs are calculated at each step in a job-order system while only calculated at the
A major difference between process costing and job-order costing is:
Costs are calculated at each step in a job-order system while only calculated at the end of a process costing system. The costing of material components is more sensitive in a process costing system. Job-order costing is focused on each specific job while process costing focuses on departmental activity. Process costing uses only one work-in-progress account while job-order costing uses many work-in-progress accounts
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