The system which assign(s) costs by the job is termed:
A)The process costing system
B)The job-order costing system
C)The project costing system
D)Both a and c

Question

Quizplus · Accepted Answer

The job-order costing system assigns costs to specific jobs or orders, while the process costing system assigns costs to each unit produced in a continuous production process. The project costing system is used for larger and longer-term projects, such as construction projects. Therefore, the best choice is B, as it specifically refers to the system that assigns costs by the job.

The System Which Assign(s) Costs by the Job Is Termed