ECONOMICS

Detailed explanation-1: -It accumulates costs for each department within the factory, is not a characteristic of a job order costing system.

Detailed explanation-2: -Job order costing requires the assignment of direct materials, direct labor, and overhead to each production unit.

Detailed explanation-3: -Job costing is an accounting method designed to help you track the cost of individual projects and jobs. It involves looking at direct and indirect costs, and it’s usually broken into three specific categories: labor, materials and overhead.

Detailed explanation-4: -Answer: Standard costing is not a costing technique. Explanation: Standard costing refers to the process of estimating different expenses of a production unit.