- 1 Marks
MI – May 2017 – L1 – SA – Q7 – Costing Techniques
Identify the costing method used for mass production.
Question
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
Find Related Questions by Tags, levels, etc.
- Tags: Cost Allocation, Mass Production, Process Costing
- Level: Level 1
- Topic: Costing Techniques
- Series: MAY 2017
