Question: Which of the following is a key difference between process and job - order costing? Multiple choice question. Process costing accumulates costs by order, and
Which of the following is a key difference between process and joborder costing?
Multiple choice question.
Process costing accumulates costs by order, and joborder costing accumulates costs by department.
Joborder costing is used for indistinguishable products, and process costing is used for different jobs that have unique production requirements.
Joborder costing systems compute unit costs by department, and process costing systems compute unit costs by job.
Under process costing, it makes no sense to try to identify materials, labor and overhead costs with a particular customer order.
Multiple select question.
accumulates costs by department
is used for indistinguishable products
assigns costs to specific customer orders
computes unit costs by job
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