The typical product costing system in a factory incorporates parts of both job order costing and process costing to create a hybrid system.

Name: The typical product costing system in a factory incorporates parts of both job order costing and process costing to create a hybrid system.
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

This is true because most factories have a mix of unique, customized products (job order costing) and standardized, repetitive products (process costing), so a hybrid system combining elements of both is common.

The Typical Product Costing System in a Factory Incorporates Parts