Product costing is an averaging process.This statement pertains to ________.
A) job order costing only
B) process costing only
C) activity-based costing only
D) all of the above

Question

Quizplus · Accepted Answer

Product costing, whether it's job order costing, process costing, or activity-based costing, involves averaging costs over units produced or activities performed to assign costs to products. Each method, though distinct in application, uses averaging in some form to allocate costs.

Product Costing Is an Averaging Process