Process costing is ________.
A) used to enhance employees' job satisfaction
B) used by businesses to price unique products or identical products produced in batches
C) used by businesses to price identical products
D) used by businesses when manufacturing goods above normal capacity

Question

Quizplus · Accepted Answer

Process costing is commonly used by businesses that produce identical products in large quantities, such as in the manufacturing of chemicals, food products, and textiles. It calculates the cost of each unit based on the total cost of the production process, which is then used to price the products.

Process Costing Is ________