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alejandra garcia
on Nov 17, 2024

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Which of the following is not a characteristic of a process cost system?

A) Manufacturing costs are grouped by departments or by process.
B) The system may use several work in process accounts.
C) The system measures costs for each completed job.
D) The system provides useful product cost information for decision making.

Process Cost System

An accounting method used to track costs associated with the production of goods in industries where production is continuous and homogeneous.

Work In Process Accounts

These accounts represent the costs associated with incomplete products that are still in the process of manufacturing.

Product Cost Information

Data pertaining to the total expenses incurred to create a product, including material, labor, and overhead costs.

  • Comprehend the fundamental features and differences of a process costing system.
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sajah laidlawNov 24, 2024
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