Which cost accounting process would be most appropriate for accumulating costs of identical, standardized units?
A) job-order costing
B) process costing
C) normal costing
D) standard costing

Question

Quizplus · Accepted Answer

Process costing is used for identical, standardized units that are produced in large quantities, such as in a continuous production setting. Job-order costing is used for unique, custom-made products, while normal and standard costing are more general methods for measuring and analyzing costs.

Which Cost Accounting Process Would Be Most Appropriate for Accumulating