Accounting · Cost Accounting
Which of the following statements correctly identifies a key difference between job costing and process costing?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Abnormal wastage is never incorporated into product costs in job costing, but it is always included in process costing.
- 2Job costing allows the progress of a specific order to be tracked using job cards, whereas process costing averages costs over a large volume of similar units.✓
- 3In job costing, the cost of a unit is an average of all units produced, whereas in process costing, costs are collected separately for each unit.
- 4Job costing is used for homogeneous products, whereas process costing is used for unique customer orders.
Correct answer
Job costing allows the progress of a specific order to be tracked using job cards, whereas process costing averages costs over a large volume of similar units.
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