What is the method of costing used by companies that use a combination of job and process costing?

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The method of costing used by companies that use a combination of job and process costing is known as "hybrid costing". This method is used when a company produces customized products (job costing) using a standard production process (process costing). The costs for each job are calculated separately and then aggregated with the process costs. Hybrid costing provides a more accurate picture of the cost of production for customized products that use a standard process.

What Is the Method of Costing Used by Companies That