Match each following terms with their correct description from the items listed below.
-It works well whenever relatively homogeneous products pass through a series of processes and receive similar amounts of manufacturing costs.
A)Parallel processing
B)Sequential processing
C)Process costing
D)Weighted average costing method

Question

Quizplus · Accepted Answer

Process costing is a costing method used to determine the total cost of producing a product or service by assigning costs to each step of the production process. It is an appropriate method for relatively homogeneous products that pass through a series of processes and receive similar amounts of manufacturing costs.

Match Each Following Terms with Their Correct Description from the Items