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

Question

Quizplus · Accepted Answer

Variable costing can be used in conjunction with process costing, job order costing, and standard costing. It is a method of inventory costing that includes all variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead) in inventory. The choice of costing system (process, job order, or standard) primarily affects how costs are accumulated and assigned to products, but it does not restrict the use of variable costing.

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