In a process costing system, which of the following would be TRUE?
A)There is no need to use time tickets to assign costs to processes.
B)There is no need to track materials to processes.
C)A process costing system is more expensive to maintain because it has more work-in-process accounts.
D)all of the above are true.

Question

Quizplus · Accepted Answer

In a process costing system, costs are assigned to processes or departments rather than individual jobs or orders, making the use of time tickets to assign costs to specific jobs unnecessary. This system is typically used in industries where products are homogeneous. Tracking materials to processes is still necessary to allocate costs accurately, and the number of work-in-process accounts does not inherently make the system more expensive to maintain; it depends on the complexity and requirements of the production process.

In a Process Costing System, Which of the Following Would