Asked by Jaquin Fielder on Jun 18, 2024

verifed

Verified

Companies often use a combination of a process cost and a job order cost system called operations costing.

Operations Costing

A hybrid costing system used in manufacturing, combining features of both job-order and process costing to assign costs to products.

Job Order Cost

A costing method used to accumulate and assign the costs of labor, materials, and overhead to individual products or jobs.

  • Understand the integration and differences between process cost and job order cost systems.
verifed

Verified Answer

BC
Brittany crossJun 20, 2024
Final Answer :
True
Explanation :
Operations costing is a hybrid costing system that combines the features of both process costing and job order costing. It is commonly used in manufacturing companies where products pass through various departments or processes before completion, but each batch or job may have unique characteristics that require job order costing.