Operation Costing: Definition & Calculation

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Nevermind Manufacturing must complete 6 jobs of 10,000 widgets every year. Each job is costed individually. What type of costing method is Nevermind Manufacturing using?

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1. This type of costing is used by Good Fuel Company when it's not cost effective for the company to assign different costs for each gallon of gas produced.

2. This type of costing method combines job and process costing.

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About This Quiz & Worksheet

The quiz and worksheet are available to assist in checking your understanding of operation costing. Different types of costing methods are covered on the quiz.

Quiz & Worksheet Goals

Using these tools, you can see what you know about:

  • Calculating operation cost
  • Inputs needed to assign costs with job costing
  • Types of costing methods

Skills Practiced

  • Knowledge application - use your understanding to answer questions about the different types of costing methods
  • Information recall - access the knowledge you have gained about calculating operation costs
  • Reading comprehension - ensure that you draw the most important information from the lesson on service costing

Additional Learning

To learn more about these costing methods, use the lesson called Operation Costing: Definition & Calculation. This lesson helps you review more about:

  • Operation costing examples
  • How the costing methods vary from one another
  • Tips when calculating operation costs
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