In a process-costing system, manufacturing costs are accumulated by:
A) batch.
B) batch and time period.
C) department, only.
D) department and time period, only.
E) department or process, and time period.

Question

Quizplus · Accepted Answer

In a process-costing system, manufacturing costs are accumulated by department or process, and over a specific time period. This method is used in industries where products are indistinguishable from each other, such as chemicals or petroleum.

In a Process-Costing System, Manufacturing Costs Are Accumulated By