The process costing system is best suited for
A)Industries where different types of products are manufactured
B)Industries where homogenous products are manufactured on continuous basis
C)Service industry only
D)All of the above

Question

Quizplus · Accepted Answer

The process costing system is most appropriate for industries where homogeneous products are manufactured on a continuous basis, as it allows for the accumulation of costs for a continuous production process, distributing them evenly over the units produced.

The Process Costing System Is Best Suited for