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Similarities between job-order costing and process costing include the ______.
i. manufacturing accounts used
ii. way in which unit costs are calculated
iii. basic purpose to assign and compute product
iv. costs flow of costs through the manufacturing accounts

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Martebi

This can be compared to one another. The Similarities between job-order costing and process costing are;

  • The costs flow of costs through the manufacturing accounts.
  • The manufacturing accounts used.

What are the similarities between job order costing and process costing?

The similarities between job order cost systems and process cost systems are known to be what makes them look the same. They are;

  • The product costs of materials, labor, and overhead are tools used to know the cost per unit, and also the inventory values.

  • They have same basic manufacturing accounts are used for both costing systems.

  • The reason is to assign raw materials, labor and manufacturing overhead to products.

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