Asked by Mohamad Arshil Vahora on Jun 08, 2024
Verified
Operation costing is just another name for process costing as both systems trace all production costs to processes or departments.
Operation Costing
A hybrid costing system used in manufacturing goods that combines both job costing and process costing methods.
Process Costing
An accounting methodology used for allocating production costs to individual units of output when products are virtually identical.
- Acquire knowledge about the choice and implementation of costing methods in manufacturing processes.
Verified Answer
CS
cameron shepherdJun 10, 2024
Final Answer :
False
Explanation :
Operation costing is a hybrid costing system that combines elements of both job costing and process costing, used in manufacturing goods that have some common characteristics and also some individual characteristics.
Learning Objectives
- Acquire knowledge about the choice and implementation of costing methods in manufacturing processes.
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