The system for assigning costs to unique cost objects is called

Question

Quizplus · Accepted Answer

Job costing is the system for assigning costs to unique cost objects such as a specific job, project or unit of production. Time costing and service costing are not commonly used terms in accounting and do not refer to a specific costing system. Process costing is used to assign costs to large numbers of identical products, whereas job costing is used for unique products or services.

The System for Assigning Costs to Unique Cost Objects Is