Which of the following statements regarding process costing is FALSE?
A) Process costing deals with great masses of like units.
B) Process costing is an averaging process.
C) In process costing the measure of production is small, whereas in job-order costing the measure of production is large.
D) Process costing is one of the extremes of product costing.

Question

Quizplus · Accepted Answer

In process costing, the measure of production is typically large quantities of homogeneous products or goods, while in job-order costing, the measure of production is usually small batches of unique or custom items.

Which of the Following Statements Regarding Process Costing Is FALSE