Process costing can be used for ________ activities.
A) manufacturing
B) nonmanufacturing
C) manufacturing and nonmanufacturing
D) none of the above

Question

Quizplus · Accepted Answer

Process costing is a method of costing used to ascertain the cost of a product at each process or stage of manufacture. It is applicable to industries where the production process is continuous and the products are indistinguishable from each other, which can include both manufacturing and nonmanufacturing activities, such as food processing, oil refining, and certain service sector activities.

Process Costing Can Be Used for ________ Activities