Which of the following differentiates job costing from process costing?
◦ Job costing is used when each unit of output is identical, and process costing deals with unique products.
◦ Job costing is used when each unit of output is identical and not produced in batches, and process costing deals with unique products produced on large scale.
◦ Process costing is used when each unit of output is identical, and job costing deals with unique products not produced in batches.
◦ Job costing is used by manufacturing industries, and process costing is used by service industries.