The goal of both job order costing and process costing is accurate product cost.

Name: The goal of both job order costing and process costing is accurate product cost.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Both job order costing and process costing aim to accurately determine the cost of products. However, they differ in the way costs are assigned to products. Job order costing assigns costs to specific jobs or batches of products, while process costing assigns costs to specific processes or stages of production.

The Goal of Both Job Order Costing and Process Costing