Job order system and process system are similar in the sense that a) Both use the same inventory g costing method. b) Both keep track of prime costs, but not overhead items. c) Both use the same manufacturing technique. d) Both req p uire inputs of direct materials, direct labor, and overhead

Question

Business

Justice Boyer

23 July, 13:37

Job order system and process system are similar in the sense that a) Both use the same inventory g costing method. b) Both keep track of prime costs, but not overhead items. c) Both use the same manufacturing technique. d) Both req p uire inputs of direct materials, direct labor, and overhead

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Answers (1)

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Maxwell Yoder · Answer 1

Both require inputs of direct materials. direct labor and overhead

Explanation:

While job order costing is a costing system of allocating cost to a unit of production when different items with significant costs are produced, process costing is a cost allocating system used by companies that produce identical units of good in batches through a process.

One major similarity even as seen in the definitions above is that they are both involved in cost allocation through the input of direct materials, direct labor and overhead.