Which of the Following Is Unique to a Process Costing

question 89

Multiple Choice

Which of the following is unique to a process costing system?

• A)Work is not started on a product until an order is received.
• B)Direct materials, direct labor and Manufacturing Overhead are assigned to the first department only.
• C)Costs for each process stay with that process until the goods are moved to Finished Goods Inventory.
• D)Each process has its own WIP account.

---

Definitions:

Demographic Trends

Patterns of changes in population characteristics over time such as age, race, and gender distributions.

Culturally Diverse

Referring to the inclusion of individuals from a variety of cultural, ethnic, and racial backgrounds, enhancing creativity and problem-solving within groups or organizations.

Stereotypes

Oversimplified generalizations about groups of people without regard for individual differences.

Workplace Diversity

The inclusion of individuals from a wide range of backgrounds, cultures, and perspectives in a professional setting, enhancing creativity and problem-solving.