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Question

Quizplus · Accepted Answer

Job order costing and process costing are both commonly used in manufacturing to determine the cost of production. Job order costing is used for custom-made products, while process costing is used for mass-produced products.

Answer: B
 Job order costing and variable costing are both used to determine the cost of production for individual products. Variable costing only considers the variable costs associated with production, while absorption costing includes both variable and fixed costs.

Answer: C
 Absorption costing and process costing are both used in manufacturing to determine the cost of production. Absorption costing includes both variable and fixed costs associated with production, while process costing is used for mass-produced products.

Answer: D
 Variable costing only considers the variable costs associated with production, while indirect costing includes both direct and indirect costs associated with production.

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