The Statements-In a job-costing system, individual jobs use different quantities of production resources, In a process-costing system each unit uses approximately the same amount of resources.-Both the statement are True
(D) Both (a) and (b) are true.
Explanation:
A job costing system is a system in which the cost associated with a particular job is calculated.This information is important in order to submit the cost information to the customer under a contract
For example:Job costing is required for deriving the cost of construction of a building,for designing a software
Process costing is a term that is used in cost accounting.
It is used to calculate the manufacturing cost of a Product.
A processing cost system is used during the mass production of the identical units .
