Consider the following three product costing alternatives: process costing,job order costing,and standard costing.Which of these can be used in conjunction with absorption costing?
A)job order costing
B)standard costing
C)process costing
D)all of the above

Question

Quizplus · Accepted Answer

Absorption costing can be used with process costing, job order costing, and standard costing, as it is a method of inventory costing that includes all manufacturing costs, both fixed and variable, in the cost of a product. These three costing methods can all incorporate absorption costing principles in allocating both direct and indirect costs to products.

Consider the Following Three Product Costing Alternatives: Process Costing,job Order