Match each item with the correct statement below.
-A costing system in which costs are collected and assigned to units of production for each individual job
A)actual cost system
B)job-order costing system
C)normal cost system
D)process-costing system

Question

Quizplus · Accepted Answer

A job-order costing system is designed to assign costs to individual units of production (also called jobs) based on the specific materials, labor, and overhead used to produce each unit. This system is commonly used in industries such as construction, manufacturing, and custom fabrication, where each job is unique and requires a different set of resources to complete.

Match Each Item with the Correct Statement Below