Which of the following characteristics applies to process costing but not to job order cost accounting?
A)Use of a predetermined overhead rate.
B)Identifiable units of production.
C)Equivalent units of production.
D)Determining cost of goods manufactured.
E)Use of a single Work in Process Inventory account.

Question

Quizplus · Accepted Answer

Equivalent units of production are used in process costing to allocate costs to partially completed units, which is not applicable in job order costing.

Which of the Following Characteristics Applies to Process Costing but Not