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Author Question: Which of the following most accurately describes the contrast between process and job costing? (Read 156 times)

rl

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on: Mar 6, 2021

Question 1

Which of the following is the costing system used for mass produced like or similar units of products?
◦ inventory-costing systems
◦ job-costing systems
◦ process-costing systems
◦ weighted-average costing systems

Question 2

Which of the following most accurately describes the contrast between process and job costing?
◦ In process costing, they include all the factors of production but job costing includes only materials and labor
◦ job costing includes materials, labor and overhead while process costing only considers conversion costs
◦ the main difference is the extent of averaging used to compute the unit costs
◦ job costing measures the variable cost of identical jobs while process costing measures the cost of identical products using average units costs of materials and conversion costs, some of which are fixed costs
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by rl on Mar 6, 2021

Tonyam972

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rl

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

sultana.d

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Reply 3 on: Yesterday
Wow, this really help

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