_________________________ is not a step in process costing.
A)Calculating output in terms of equivalent units
B)Calculating unit costs
C)Summarizing the total costs to account for
D)Summarizing the total costs by job

Question

Quizplus · Accepted Answer

Summarizing the total costs by job is a step in job costing, not process costing. In process costing, costs are allocated to products or services in a mass production system where units of output are identical or nearly identical, whereas in job costing costs are allocated to specific, custom-made products or services.

_________________________ Is Not a Step in Process Costing