5. What is the key benefit of using job costing for businesses? a. It simplifies cost tracking and accounting processes b. It helps in setting uniform prices for all products c. It provides detailed cost information for each job or project d. It eliminates the need for budgeting and financial planning 6. In process costing, which type of industry is most likely to use this costing method? a. Custom furniture manufacturing b. Soft drink bottling c. Jewelry making d. Graphic design services 7. Process costing is best suited for industries where: a. Each unit of production is identical b. Customization of products is common c. Production is project-based d. There is no need to track production costs