Which of the following types of businesses is most likely to use a process-costing system?
A)print shop
B)doctor's office
C)home building
D)petroleum

Question

Quizplus · Accepted Answer

A process-costing system is most commonly used by companies that produce homogeneous products in continuous processes, such as petroleum refineries. This system accumulates product costs for a large volume of similar products, making it suitable for industries like petroleum where the products are indistinguishable from each other.

Which of the Following Types of Businesses Is Most Likely