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Compare and contrast the primary differences between the job costing and process costing using the following​...

Compare and contrast the primary differences between the job costing and process costing using the following​ table:

Select the letter from the list below that corresponds with the characteristic that best explains each item in the table.

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​(Click the icon to view the list of​ characteristics.)

a.

Direct materials and conversion costs

b.

Direct materials and conversion costs are assigned to each manufacturing process. Then these costs are accumulated in separate WIP

accountslong dash—one

for each manufacturing process. As units are transferred from one process to the​ next, the costs transfer to the next WIP account. When​ completed, costs are transferred to Finished Goods Inventory.

c.

Direct​ materials, direct​ labor, and manufacturing overhead

d.

Direct​ materials, direct​ labor, and manufacturing overhead are assigned to jobs. Then these costs flow into a single Work in Process Inventory account. When​ completed, costs are transferred to Finished Goods Inventory.

e.

Job

f.

Job Cost Record

g.

Mass production of identical units in a series of uniform production processes

h.

Process

i.

Production Cost Report

j.

​Unique, custom built products or relatively small batches of different products

Job costing

Process costing

Most suitable manufacturing environment

Cost object used for accumulating costs

Primary document for tracking costs

Manufacturing cost categories

Flow of costs through accounts

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Answer #1

Given that :- Let us know about the given data that is Compare and Contrast the paimary difference between the job consting a(O)-> Production Cost Report (0) > Unique, custom built Products or qelatively small batches of different Products * Let us A

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