Question 30 Choose from the following list the ones that are characteristics of job-order costing and the ones that are characteristics of process costing. 1. Cost totalled by job or batch. Job-order Costing 2. Unit cost calculated by dividing total job costs by units produced. Process Costing 3. Homogeneous products with high volumes. Process Costing v 4. Unit cost calculated by dividing total process costs during the period by units produced during that period. Process Costing 5. Distinct products with low volumes. Job-order Costing 6. Costs added by process or department. Job-order Costing 7. Used for manufacturing of chemicals, gasoline, microchips, soft drinks, processed food, electricity. Job-order Costing