The First Step in Job Costing Is to

question 59

Multiple Choice

The first step in job costing is to

• A)identify the cost object.
• B)identify the direct costs.
• C)select the cost allocation base.
• D)identify the indirect costs.
• E)compute the rate per unit.

---

Definitions:

Substantial

Of considerable importance, size, or worth; something that is significant or heavily built.

Marketing Mix

The strategic blend of the four Ps—product, price, place, and promotion—used by businesses to target their market effectively and meet consumer needs.

Differentiated Targeting Strategy

A marketing approach where a business targets several market segments with tailored products or services for each.

Developing

Refers to the process of improving the growth or value of something through careful planning and sustained effort.