A Process Cost System Would Be Appropriate for a

question 47

Multiple Choice

A process cost system would be appropriate for a

• A) natural gas refinery
• B) jet airplane builder
• C) catering business
• D) custom cabinet builder

---

Definitions:

Downtime

The period during which an asset or system is not operational or productive, often due to maintenance or repair.

Cleanup

The process of making something orderly or presentable by removing or fixing errors, discrepancies, or unnecessary elements.

Standard Cost Card

A document that lists the standard costs associated with producing a specific product or performing a service.

Income Statement

A financial statement that presents the revenues and expenses and resulting net income or net loss of a company for a specific period of time.