A process costing system:

a. does not use a Work in Process account in any form.
b. uses a separate Work in Process account for each processing department
c. uses a single Work in Process account for the entire company
d. uses a separate Work in Process account for each type of product produced.

Question

15-04-2020
Business

contestada

A process costing system:

a. does not use a Work in Process account in any form.
b. uses a separate Work in Process account for each processing department
c. uses a single Work in Process account for the entire company
d. uses a separate Work in Process account for each type of product produced.

Respuesta :

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Zviko Zviko · Answer 1 · 2020-04-16T05:01:34+02:00

Zviko Zviko

16-04-2020

Answer:

d. uses a separate Work in Process account for each type of product produced

Explanation:

Process Costing Accumulates product cost by keeping track of cost incurred in the processing of each product.

Products pass various processes which differ from one product to another and thus a separate work in process account is produced for each type of product produced.

Answer Link

A process costing system: a. does not use a Work in Process account in any form. b. uses a separate Work in Process account for each processing department c. uses a single Work in Process account for the entire company d. uses a separate Work in Process account for each type of product produced.

Respuesta :

Otras preguntas

A process costing system:

a. does not use a Work in Process account in any form.
b. uses a separate Work in Process account for each processing department
c. uses a single Work in Process account for the entire company
d. uses a separate Work in Process account for each type of product produced.