Process-costing systems separate costs into cost categories according to when costs are introduced into the process.

Question

Quizplus · Accepted Answer

Process-costing systems generally separate costs based on the stages of the production process, namely, the introduction of the cost into the process. This helps in calculating the cost of each unit produced as well as the cost of production as a whole. Therefore, the given statement is true.

Process-Costing Systems Separate Costs into Cost Categories According to When