Which of the following statements is false?
A) In job costing, costs are accumulated by job order.
B) In process costing, the cost per unit is found by averaging the costs incurred over the units produced.
C) In process costing, the production costs are assigned to each unit produced.
D) In job costing, the cost of each unit of a particular job is found by dividing the total cost of the job by the number of units in the job.

Question

Quizplus · Accepted Answer

In process costing, the production costs are typically assigned to each unit produced using a predetermined cost per unit, rather than assigning actual costs to each individual unit.

Which of the Following Statements Is False