Process Costing Is Used When Products Are

question 103

Multiple Choice

Process costing is used when products are:

• A) Mass produced
• B) Custom produced or processed in small batches
• C) Individualized services
• D) Easy to cost

---

Definitions:

Critical Path

The most extended line of activities within a project's plan that requires punctual completion for the project to finalize on its expected completion date.

Project Scheduling

The process of allocating time to tasks in a project to ensure it is completed within the set timeline, often visualized through tools such as Gantt charts.

Network Diagram

A network diagram is a graphical representation of tasks, activities, or events, organized in a way that reflects their relationships and dependencies within a project.

Slack

The amount of time that a task in a project can be delayed without causing a delay to subsequent tasks or the project completion date.