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Which of the Following Costing System Has Characteristics of Both

question 39

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Which of the following costing system has characteristics of both job and process costing?


Definitions:

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner using a combination of human and automated processes to complete the product.

Productivity Variables

The three factors critical to productivity improvement—labour, capital, and management.

Labour

The human effort, whether physical or mental, contributed towards the production of goods or services in an economy.

Capital

Financial assets or resources that individuals or organizations use to fund their operations and invest in their businesses.

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