Process costing is a useful system for tracking the costs of building a house.

Name: Process costing is a useful system for tracking the costs of building a house.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Process costing is a system used in industries that produce homogeneous products in large quantities, such as manufacturing or chemical plants. Building a house is a unique project and does not fit the characteristics of process costing. Instead, a job costing system would be more appropriate.

Process Costing Is a Useful System for Tracking the Costs