A company may use job costing to assign costs to different product lines and then use process costing to calculate unit costs within each product line.

Question

Quizplus · Accepted Answer

Job costing is used to track the costs of individual jobs or projects, while process costing is used to calculate unit costs for a large number of identical items produced in a continuous manufacturing process. Therefore, it is possible for a company to use both methods to allocate costs appropriately and accurately across different products and production processes.

A Company May Use Job Costing to Assign Costs to Different