Any product or service that is basically homogeneous and repetitively produced can take advantage of a process-costing approach.

Question

Quizplus · Accepted Answer

Process costing is a method of costing used for industries or products that are homogeneous, meaning similar products that are produced repetitively. This approach is suited for mass production industries, where the products are not customized and it's hard to identify the cost of each unit. Therefore, any product or service that is homogeneous and repetitively produced can benefit from the process-costing approach.

Any Product or Service That Is Basically Homogeneous and Repetitively