Question

Haughton Company uses a job costing

a) Job Costing System
b) Haughton Company Expenses
c) Cost Analysis Procedure
d) Company Job Evaluation

Answer 1

The subject of this question is job costing, which is a method used by companies to track the costs of producing a specific product or service.

Step-by-step explanation:

The subject of this question is job costing, which is a method used by companies to track the costs of producing a specific product or service. It involves assigning costs to individual jobs or projects, allowing companies to determine the profitability of each job.

For example, Haughton Company may use a job costing system to determine the cost of producing a custom-built piece of furniture for a specific customer. The costs associated with that job, such as direct materials, direct labor, and overhead, would be tracked separately from other jobs or projects.

Therefore, the correct option in this question is a) Job Costing System.