Final answer:
Job costing is not used by companies that produce large numbers of identical units of production in a continuous fashion. Process costing is commonly used in such industries.
Step-by-step explanation:
Job costing is not used by companies that produce large numbers of identical units of production in a continuous fashion. This statement is false. Job costing is a costing method used by companies that produce unique, customized products or services. It involves tracking the costs associated with each specific job or project, allowing for accurate pricing and profitability analysis.
On the other hand, companies that produce large numbers of identical units in a continuous fashion often use process costing. Process costing involves averaging the costs over the entire production process to allocate costs to each unit produced. This method is commonly used in industries such as manufacturing, food processing, chemical production, and others where mass production is the norm.
It's important for companies to use the appropriate costing method based on their production processes in order to accurately track costs and make informed decisions.