Operational costing accounts for material costs like job costing and conversion costs like process costing.

Name: Operational costing accounts for material costs like job costing and conversion costs like process costing.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Operational costing includes both job costing, which focuses on the material costs of each individual job, and process costing, which focuses on the conversion costs (such as labor and overhead) of a process that produces multiple units of a product.

Operational Costing Accounts for Material Costs Like Job Costing and Conversion