Q 15E_c
Question
Following is a list of cost system characteristics and sample companies. Match each to either job order costing or process costing.
c. A company that manufactures thousands of identical files.
Step-by-Step Solution
Verified Answer
Answer:
Process costing system is used by the company that manufacture thousands of similar files.
1Step-by-Step Solution:
Step 1: Process costing system
Process costing system is used by the companies which are engaged in production of similar or same units of the product in large quantity.
2Step 2: Classification of costing system according to the characteristics
The company that manufacture thousands of identical files use the process costing while determining the costing of the manufacturing the files.
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