Which of the following is a deficiency of process costing?
A) In process costing,decision makers are informed about the average cost of the units,but not the actual cost of each particular unit or job.
B) In process costing,firms accumulate costs in a department or production process during the accounting period,then spread those costs evenly over the units produced that period,computing an average unit cost.
C) Process costing does not require as much record keeping as job costing system because it does not require keeping track of the cost of each job.
D) None of the answers is a deficiency.
Correct Answer:
Verified
Q37: In a normal costing system,how is the
Q38: Which of the following is true regarding
Q39: Assume a normal costing system.Calculate the predetermined
Q40: Which of the following is true regarding
Q41: Which of the following is true?
A)In job
Q43: Which of the following costing system is
Q44: Why do firms collect costs by job?
A)For
Q45: Which of the following costing system is
Q46: Which costing system would be most appropriate
Q47: What costing method should a manufacturing company
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents