Process Costing Techniques Should Be Used in Assigning Costs to Products

question 48

Multiple Choice

Process costing techniques should be used in assigning costs to products

• A)if a product is manufactured on the basis of each order received.
• B)when production is only partially completed during the accounting period.
• C)if a product is composed of mass-produced homogeneous units.
• D)whenever standard-costing techniques should not be used.

---

Definitions:

Sustainability

the ability to maintain healthy environmental, social, and economic systems in balance, indefinitely, on a global and local scale.

Stakeholder Assessment

The evaluation of how the interests and influence of individuals, groups, or organizations that can affect or are affected by an organization's activities.

Natural Environment

The physical, chemical, and biological factors and processes that occur naturally, which are not significantly influenced by human activity.

Marketing Ethics

The principles and standards that guide the behavior and decision-making processes of marketing professionals to promote honesty, fairness, and responsibility.