Which type(s)of cost(s)are accumulated,tracked,and assigned to products when a company uses process costing?
A) Direct materials only
B) Direct labour only
C) Direct labour and overhead
D) Direct materials,direct labour,and overhead

Question

Quizplus · Accepted Answer

In process costing, direct materials, direct labour, and overhead costs are all accumulated, tracked, and assigned to products. This is because process costing is used for industries that produce homogeneous products through a series of processes, and all of these costs are necessary for the production of the final product.

Which Type(s)of Cost(s)are Accumulated,tracked,and Assigned to Products When a Company