Which of the Following Statements Is True of Process Costing

question 26

Multiple Choice

Which of the following statements is true of process costing?

• A) It uses one Work-in-Process Inventory account.
• B) It tracks and assigns both period costs and product costs to units produced.
• C) It accumulates product costs by production departments.
• D) It assigns manufacturing overhead costs to products only in the last production process.

---

Definitions:

Stimulus Discrimination

The learned ability to differentiate between similar stimuli and respond appropriately to each.

Stimulus Generalization

The process by which a response that has been learned to one stimulus is elicited by a different, but similar, stimulus.

Spontaneous Recovery

The reappearance of a previously extinguished conditioned response after a period of rest, without any further conditioning.

Skinner Box

An experimental apparatus developed by B.F. Skinner for studying operant conditioning in animals, involving levers, stimuli, and rewards.