What costing system uses job-order costing to assign material costs and process costing to assign conversion costs?

Question

Quizplus · Accepted Answer

Operation costing combines job-order costing and process costing to assign material costs using job-order costing and conversion costs using process costing. Therefore, option C is the best choice. The other options, matrix costing and blend costing, are not commonly used costing systems. Variable costing does not involve assigning costs to specific jobs or processes, instead it focuses on variable costs related to production.

What Costing System Uses Job-Order Costing to Assign Material Costs