Which of the following is not a characteristic of process costing?
A)Products are homogenous.
B)Costs are traced to production processes rather than products.
C)Service firms cannot use process costing.
D)Processes are standardized.

Question

Quizplus · Accepted Answer

Service firms can use process costing, as long as they have standardized processes and produce homogenous services. Therefore, option C is not a correct characteristic of process costing.

Which of the Following Is Not a Characteristic of Process