What costing system uses job-order costing to assign material costs and process costing to assign conversion costs?

Question

Quizplus · Accepted Answer

Operation costing is a hybrid costing system that combines elements of both job-order costing and process costing. It uses job-order costing to assign material costs and process costing to assign conversion costs, making it suitable for industries where specific jobs or batches require distinct materials but go through a common processing procedure.

What Costing System Uses Job-Order Costing to Assign Material Costs