B1 - Operations Mgmt: Cost Measurement Methods and Tech Cont'd Flashcards

0
Q

When is job costing used?

A

Production of tailor-made or unique goods

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1
Q

The use of activity-based costing normally results in:

A

Substantially greater unit costs for low-volume products than is reported by traditional product costing.

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2
Q

When is process costing used?

A

When the product is composed of mass produced homogeneous units

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