Question

The loan department of a financial corporation makes loans to businesses. The costs of processing these loans are often several thousand dollars. All loans are initially evaluated using the same financial analysis software, but some require outside services such as appraisals and legal services. Which is the most appropriate costing system for the loan department

Answer 1

Answer:

Operation costing

Explanation:

Operating costing is the combination of the job costing and the process costing. In this the cost are received for each and every operation rather for each and every process

Since in the given situation it is mentioned that they need some outside services like legal services etc so here the costing system that used for the loan department is operation costing