Asked by
Verified
A process cost accounting system is best used by manufacturers of like units of product that are not distinguishable from each other during a continuous production process.
Process Cost Accounting System
An accounting system that accumulates costs for each process or department within a production environment.
Continuous Production
A manufacturing process where materials are produced without interruption around the clock.
Like Units
A term used in manufacturing or project management to describe items or resources that are comparable in function or use, often for the purpose of standardization or simplification.
- Differentiate between job order costing systems and process costing systems.
- Recognize the essential characteristics and usability of process costing systems.
Verified Answer
Learning Objectives
- Differentiate between job order costing systems and process costing systems.
- Recognize the essential characteristics and usability of process costing systems.
Related questions
A Process Cost Accounting System Provides Product Costs for Each ...
A Process Cost Accounting System Provides for a Separate Record ...
The Process Cost System Is Appropriate Where Few Products Are ...
Process Cost Systems Use Job Order Cost Cards to Accumulate ...
A Process Cost Accounting System Is Best Used by Manufacturers ...