Professional entities are likely to use:
A) process costing.
B) product costing.
C) job costing.
D) operational costing.

Question

Quizplus · Accepted Answer

Professional entities, such as law firms, consulting firms, and accounting firms, typically use job costing. This is because their work is often project-based and varies significantly from client to client, making it necessary to track costs on a per-job basis to accurately bill clients and manage profitability.

Professional Entities Are Likely to Use