Which of the following characteristics applies to process costing but not to job costing?
A)Identifiable batches of production.
B)Average costs.
C)Equivalent units.
D)Application of overhead.
E)Use of standard costs.

Question

Quizplus · Accepted Answer

Process costing uses the concept of equivalent units to account for partially completed goods, which is not a feature of job costing. Job costing tracks costs for individual jobs or batches, making the concept of equivalent units unnecessary.

Which of the Following Characteristics Applies to Process Costing but Not