Which of the Following Is Not a Characteristic of Process

question 23

Multiple Choice

Which of the following is not a characteristic of process costing?

• A) Products are homogenous.
• B) Costs are traced to production processes rather than products.
• C) Service firms cannot use process costing.
• D) Processes are standardizeD.
• Process costing is used when products or processes are standardized and when costs are traced to the overall process, rather than an individual project. Although process costing is most often identified with manufacturing companies, service firms can use process costing as well.

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Definitions:

Education Level

The highest degree or stage of formal learning or schooling that an individual has completed.

Business Owners

Individuals who own and oversee the operations of a business entity.

Business Owners

Entrepreneurs or individuals responsible for the strategic decisions, financial risks, and operational management of a company.

Lots Of Money

A colloquial term referring to a substantial amount of currency or financial resources.