Question Tag: Mass Production

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MI – May 2017 – L1 – SA – Q7 – Costing Techniques

Identify the costing method used for mass production.

Question:
A situation in which there is mass production of identical units of products and costs are not necessarily assigned to individual units of output is known as:
A. Job costing
B. Step costing
C. Joint costing
D. Process costing
E. Batch costing

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MI – May 2017 – L1 – SA – Q7 – Costing Techniques

Identify the costing method used for mass production.

Question:
A situation in which there is mass production of identical units of products and costs are not necessarily assigned to individual units of output is known as:
A. Job costing
B. Step costing
C. Joint costing
D. Process costing
E. Batch costing

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You're reporting an error for "MI – May 2017 – L1 – SA – Q7 – Costing Techniques"

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