In the Accounting for Costs in a Process Costing System,which

question 102

Multiple Choice

In the accounting for costs in a process costing system,which statement below is most correct as to when costs are added in processing departments?

• A) all material costs will be added in the first processing department and labour and overhead costs will be added in subsequent departments.
• B) material and labour costs may be added in any department but overhead costs will only be added in the last processing department in which the processing of the product is completed.
• C) material,labour and overhead costs may be added in any processing department.
• D) labour and overhead costs are added in each department as processing takes place but materials costs are only added in the last processing department when the final quantities of materials used have been determined.

---

Definitions:

Inequalities in Wealth

The uneven distribution of assets, wealth, and income among individuals or across different groups in society.

Social Class Origins

The background or social status of an individual or group, often determined by wealth, occupation, education, or lineage.

Ability to Succeed

The capacity or potential a person or group has to achieve goals or reach a desired level of success.

Social Class

A division of a society based on social and economic status, affecting access to resources and opportunities.