Accountancy, asked by niaziniazi204, 3 months ago

is standard cost system is equally applicable to job order costing and process costing and reason why? ​

Answers

Answered by SmitaMissinnocent
3

Answer:

Yes, standard costs can be used either in job order costing where the cost of specific jobs put through a factory is ascertained, or process costing where the cost of production in one or more manufacturing departments for a given period of time is determined.

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