Which of the following businesses is most likely to use process costing?
A)a dentist
B)an accounting firm
C)a tire manufacturer
D)a custom machine manufacturer

Question

Quizplus · Accepted Answer

Process costing is used when large quantities of identical products are being produced. This type of production is common in manufacturing firms, such as tire manufacturers. The other options are service-based businesses or custom manufacturers, which tend to have more variability in their production processes and are more suited to job costing.

Which of the Following Businesses Is Most Likely to Use