Process costing ________.
A) allocates all product costs, including materials, and labor
B) results in different costs for different units produced
C) is commonly used by general contractors who construct custom-built homes
D) is used exclusively in manufacturing

Question

Quizplus · Accepted Answer

Process costing is a costing method used in manufacturing where the cost of each production process is calculated and allocated to the units produced. This includes the cost of materials, labor, and overhead, and it results in uniform costs for each unit produced in the same process.

Process Costing ________