Asked by Antoine Miquel on Jul 13, 2024
Verified
Gasoline refinery
A)Job order costing
B)Process costing
Process Costing
A method of costing used in industries where production is continuous, assigning costs to units of output based on the process they undergo.
- Detect and differentiate the distinct aspects of job order costing in comparison to process costing systems.
Verified Answer
AF
Ashlee FortenberryJul 15, 2024
Final Answer :
b
Explanation :
A gasoline refinery uses process costing as it produces large quantities of gasoline through a continuous and standardized process, making it difficult to identify specific costs for each unit produced.
Learning Objectives
- Detect and differentiate the distinct aspects of job order costing in comparison to process costing systems.