Examlex
Which of the following statements is false?
Job-Order Costing
A cost accounting system that assigns costs to specific production batches or jobs, useful for customized or unique products.
Process Costing
An accounting methodology used to allocate costs to units of production in continuous, homogeneous operations, typical in industries like chemicals or food production.
Process Costing System
An accounting method used to apply costs to similar products or services that are mass-produced in a continuous fashion.
Job Costing System
A method of assigning production costs to individual units or projects, tracking expenses by job.
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