Q 15E_d
Question
Following is a list of cost system characteristics and sample companies. Match each to either job order costing or process costing.
d. Companies that produce large numbers of identical products.
Step-by-Step Solution
Verified Answer
Answer:
Process costing system is used by the company that manufactures the products in large quantity.
1Step-by-Step Solution:
Step 1: Process costing system
Process costing system is a system used by the companies for determining the cost of the manufactured products which are produced in large number of quantity.
2Step 2: Classification of costing system according to the characteristics
The company that produces large number of identical products use the process costing while determining the cost of manufacturing.
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