Operation costing is a hybrid of which of the following two costing methods?

Question

Quizplus · Accepted Answer

Operation costing is a hybrid of job costing and process costing methods. It is used to determine the cost of producing a specific product or service by identifying distinct operations involved in the production process and assigning costs to each one of them. Therefore, option B, which combines job costing and process costing, is the correct answer. Option A is incorrect because backflush costing is typically used in lean manufacturing environments and is not directly related to operation costing. Option C is incorrect because backflush costing is not used in operation costing. Option D is incorrect because process costing and backflush costing are not the two methods combined in operation costing.

Operation Costing Is a Hybrid of Which of the Following