Which of the following is not a component of process costing systems?
A) Multiple Work in Process accounts.
B) Cost of production report.
C) Job cost sheet.
D) None of these answers are correct.

Question

Quizplus · Accepted Answer

Job cost sheet is a component of job costing system, not process costing system. In process costing, the costs are accumulated by process or department, and there is no specific job that can be traced back to the costs. Multiple Work in Process accounts and Cost of production report are both components of a process costing system.

Which of the Following Is Not a Component of Process