Process cost accounting systems are commonly used by companies that produce a large volume of standardized units on a continuous basis.

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Process cost accounting systems are designed for companies that manufacture standardized products in a continuous production process. This type of system is used to assign costs to each unit of production, which can help managers make informed decisions about pricing, production volume, and inventory levels. Therefore, it is true that process cost accounting systems are commonly used by companies that produce a large volume of standardized units on a continuous basis.

Process Cost Accounting Systems Are Commonly Used by Companies That