Accounting for factory overhead costs involves averaging in
Job Order Costing Process Costing

Question

Quizplus · Accepted Answer

Accounting for factory overhead costs involves averaging in both job order costing and process costing. Job order costing involves assigning overhead costs to individual jobs, while process costing involves assigning them to production processes. Both methods require the allocation of factory overhead costs, which usually involves some form of averaging or estimation. Therefore, the correct choice is "Yes Yes".

Accounting for Factory Overhead Costs Involves Averaging in