________ is the system that applies costs to similar products that are mass-produced in continuous fashion through a series of production processes.
A) Job-order costing
B) JIT costing
C) Activity-based costing
D) Process costing

Question

Quizplus · Accepted Answer

Process costing is the system that applies costs to similar products that are mass-produced in a continuous fashion through a series of production processes. The costs are accumulated for each process or department and then allocated to the units produced within that process or department. This method is often used in industries such as chemical processing, food, and beverage production, and textile manufacturing.

________ Is the System That Applies Costs to Similar Products