Which of the following characteristics applies to process costing but not to job order cost accounting?
A) Use of a single Work in Process Inventory account.
B) Determining cost of goods manufactured.
C) Identifiable units of production.
D) Equivalent units of production.
E) Use of a predetermined overhead rate.

Question

Quizplus · Accepted Answer

Process costing uses the concept of equivalent units of production to allocate costs to partially completed units, which is not used in job order cost accounting.

Which of the Following Characteristics Applies to Process Costing but Not