An Example of an Industry That Uses Process Costing Might

question 243

Multiple Choice

An example of an industry that uses process costing might be a

• A)custom printer.
• B)homebuilder.
• C)shipbuilder.
• D)company that makes bottled soft drinks.

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Definitions:

Dealer

An individual or firm in the financial markets that buys and sells securities for their own account, rather than on behalf of clients.

Broker

An individual or firm that acts as an intermediary between buyers and sellers, usually charging a commission for their services.

Agent

An individual or entity authorized to act on behalf of another (the principal) in dealings with third parties.

Working Capital Management

The process of managing short-term assets and liabilities to ensure a company has sufficient liquidity to run its operations smoothly.