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Operation costing: 01. tends to parallel process costing with respect to the treatment of conversion cost. 02. O is commonly known as a joint-costing system. 03. O would likely be used by a manufacturing plant that produces one model of a single product. 04. O tends to parallel job-order costing with respect to the treatment of conversion cost. 05. O tends to parallel process costing with respect to the treatment of direct materials.

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Answer:

1. Tends to parallel process costing with respect to the treatment of conversion cost

Explanation:

Operation costing is a combination of process costing and job costing, it is a mix of process costing and job costing. Operation costing is used in either of the following issues:

A product initially has similar processing for a set of products, and is then finished using more specific procedures or

A product initially uses different raw materials, and is then finished using a common process that is the same for a group of products.

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