In a Process Costing System, Conversion Costs Are Normally Assumed

question 71

True/False

In a process costing system, conversion costs are normally assumed to be incurred evenly throughout the production process.

---

Definitions:

Antifreeze

A liquid added to the water in a cooling system to lower its freezing point, commonly used in automobile engines.

Cooling System

A system designed to remove heat from an area or machinery, commonly using a fluid or air to transfer heat away.

Algebraic Expression

An algebraic expression is a mathematical phrase that can contain numbers, variables, and operation symbols, but no equality sign.

Ratio

A relationship between two numbers indicating how many times the first number contains the second.