The key distinction between job costing and process costing is:

Question

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The key distinction between job costing and process costing is the cost object for which costs are accumulated. Job costing is used when products or services are tailored to specific customer needs, while process costing is used when products are standardized or produced in large quantities. Job costing accumulates costs by individual job or order, while process costing accumulates costs by department or process.

The Key Distinction Between Job Costing and Process Costing Is