Which of the following statements is true?

CS Executive · Cost and Management Accounting · PYQS · December 2019
Which of the following statements is true?
(A) Job costing is not a specific order costing
(B) Job costing cannot be used in conjunction with marginal costing
(C) In cost plus contracts, the contractor runs a risk of incurring a loss
(D) Batch costing is a variant of job costing

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Costing Methods

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