Which of the Following Businesses Is Most Likely to Use
Which of the following businesses is most likely to use process costing?
B)an accounting firm
C)a tire manufacturer
D)a custom machine manufacturer
Which costing system is most likely to be used by manufacturer that produces unique products?
Which of the following companies would be least likely to use a process-costing system?
A)a disposable diaper manufacturer
B)a print shop
C)a chemical producer
D)a paint manufacturer
Which statement is a characteristic of process accounting?
A)It is used on unique products that are produced on a continuous basis.
B)It accumulates costs by individual job.
C)It works best with a small number of unique products.
D)It utilizes equivalent units computed by the weighted average method or the FIFO method.