Question

    The category of costing which is applicable to work

    carried out or products produced by specific orders as against continuous production, is known as ______
    A Unit costing Correct Answer Incorrect Answer
    B Job Costing Correct Answer Incorrect Answer
    C Batch Costing Correct Answer Incorrect Answer
    D Process Costing Correct Answer Incorrect Answer
    E Contract Costing Correct Answer Incorrect Answer

    Solution

    Job costing is a method of costing in industries that produce/render service against specific orders. The job is executed for different customers according to their specifications and each order/job needs special treatment. Costs are determined for each job and it would involve continuous production as each job is different.

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