B1 - Operations Mgmt: Cost Measurement Methods and Tech Cont'd Flashcards
1
Q
When is job costing used?
A
Production of tailor-made or unique goods
2
Q
When is process costing used?
A
When the product is composed of mass produced homogeneous units
3
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.
