The Statements-In a j<u>ob-costing syste</u>m, individual jobs use different quantities of production resources, In a <u>process-costing system</u> each unit uses approximately the same amount of resources.-Both the statement are True
(D) Both (a) and (b) are true.
Explanation:
A <u>job costing system</u> 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
<u>For example:</u>Job costing is required for deriving the cost of construction of a building,for designing a software
<u>Process costing is a term that is used in cost accounting.</u>
It is used to calculate the manufacturing cost of a Product.
<u>A processing cost system </u>is used during the mass production of the identical units .
