Process cost accounting is most appropriate

Question

Quizplus · Accepted Answer

Process cost accounting is best suited for companies that have continuous production on a single product, where costs are accumulated over a period of time rather than being allocated to individual units. This method is particularly useful for companies that produce large quantities of identical products or where the production process is standardized and follows a set pattern. It is not as appropriate for companies that produce multiple products in batches or with varying production processes.

Process Cost Accounting Is Most Appropriate