Many large companies with multiple production methods and processes have hybrid-costing systems that are:

Question

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Large companies with multiple production methods often have a mix of job costing and process costing systems. Job costing is used when the production is customized or unique, while process costing is used for standard, mass-produced items. A hybrid-costing system allows the company to assign costs accurately across different production methods and processes, providing a more comprehensive view of their operations.

Many Large Companies with Multiple Production Methods and Processes Have