[amp_mcq option1=”Batch costing” option2=”Job costing” option3=”Process costing” option4=”Operation costing” correct=”option2″]<\/p>\n
The correct answer is: B. Job costing<\/strong><\/p>\n Job costing is a costing method in which costs are assigned to individual units or batches of products. This method is used when the products are unique or made to order, such as custom-built furniture or machinery.<\/p>\n In job costing, each job is a cost unit to which all costs are assigned. This includes direct costs, such as materials and labor, as well as indirect costs, such as overhead. The costs of each job are then totaled to determine the job’s cost.<\/p>\n Job costing is a detailed costing method that can be used to accurately track the costs of individual products or jobs. This information can be used to set prices, make decisions about production, and evaluate profitability.<\/p>\n Here is a brief explanation of each option:<\/p>\n [amp_mcq option1=”Batch costing” option2=”Job costing” option3=”Process costing” option4=”Operation costing” correct=”option2″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[952],"tags":[],"class_list":["post-54347","post","type-post","status-publish","format-standard","hentry","category-costing","no-featured-image-padding"],"yoast_head":"\n\n