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Asked: 2022-04-11T19:24:02+00:00 In:

Process and job order cost systems are similar in all of the following ways except

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Process and job order cost systems are similar in all of the following ways except
a. both accumulate product costs-direct materials, direct labor, and factory overhead
b. both use job order cost cards
c. both allocate product costs to units produced 
d. both maintain perpetual inventories
Revelant knowledge 
Job costing is a specific method to track all the expenses and profits that are associated with a specific project. The projects could include one-off customer initiatives, developing new products, or delivering multiple products to be developed simultaneously.

Process costing is an essential method of calculating the cost of a product for companies in manufacturing that produce large quantities of similar items or output units.

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    Solution: The process and job cost systems are identical in every way except that they both use job cost cards. Process cost systems do not use job cost cards.

    Therefore, option B is correct.

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