Process costing provides information on a total and per-unit bases as well as the per-unit cost of performing each step in the production process.

Question

Quizplus · Accepted Answer

Process costing is a system that determines the cost of a product at each stage of the production process. This system provides cost information on a total and per-unit basis as well as the per-unit cost of performing each step in the production process. Therefore, the statement is true.

Process Costing Provides Information on a Total and Per-Unit Bases