All of the following are characteristics of a process cost system except
A) the system may use several work in process inventory accounts
B) manufacturing costs are grouped by department rather than by jobs
C) the system accumulates costs per job
D) the system emphasizes time periods rather than the time it takes to complete a job

Question

Quizplus · Accepted Answer

A process cost system accumulates costs by department or process, rather than by individual jobs. Therefore, the system does not accumulate costs per job. The other three options are all characteristics of a process cost system.

All of the Following Are Characteristics of a Process Cost