Which one of the following is a costing system commonly used by companies that produce a large number of homogeneous units in a continuous production process?
A)Unit costing system
B)Job-order system
C)Incremental analysis cost system
D)Process costing system

Question

Quizplus · Accepted Answer

A process costing system is commonly used by companies that produce a large number of homogeneous units in a continuous production process. This method assigns costs to each production process and then allocates those costs to the units produced within that process. This allows for a more accurate cost estimation and pricing for each unit.

Which One of the Following Is a Costing System Commonly