Match the items below by choosing the appropriate code letter :
-Appropriate when products are homogeneous and are produced continuously.
A)Cost accounting
B)Materials requisition slip
C)TimeTicket
D)Cost accounting system

Question

Quizplus · Accepted Answer

A cost accounting system is appropriate for situations where products are homogeneous and are produced in a continuous process. This system allows for the tracking and allocation of costs to products as they are manufactured, which is essential for determining the cost of goods sold and for pricing decisions. It helps in managing and controlling costs, and in providing valuable information for financial reporting and decision-making.

Match the Items Below by Choosing the Appropriate Code Letter