Asked by
Lauren Drummond
on Oct 15, 2024
Verified
Job order costing applies to manufacturing firms only and not to service firms.
Service Firms
Businesses that provide intangible products or services to consumers or other businesses.
Manufacturing Firms
Companies that use labor, equipment, and raw materials to produce finished goods on a large scale.
- Comprehend the utilization of job order costing within service enterprises, as well as in manufacturing entities.
Verified Answer
JA
Learning Objectives
- Comprehend the utilization of job order costing within service enterprises, as well as in manufacturing entities.