Which of the following statements is true?
A) Job costing can only be used when a single unit is produced rather than a batch.
B) Process costing is used when products are customized.
C) Job costing must be used in a continuous flow processing environment.
D) Process costing does not separately record the costs for each unit.

Question

Quizplus · Accepted Answer

Process costing accumulates costs for a large number of identical units, and costs are averaged over all units, rather than recording costs separately for each unit.

Which of the Following Statements Is True