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Commerce · Q694

Costing

Graduate and Post Graduate · Commerce · question 694

Q694

Hybrid costing system, which is applied to batches of similar products, but are not identical is classified as

A.
incremental costing system
B.
split off costing system
C.
inventoriable costing system
D.
operation costing system
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
Hybrid costing system, which is applied to batches of similar products, but are not identical is classified as operation costing system. Operation costing, also known as service costing, is a costing method that combines process costing and job costing.