Which of the Following Statements About a Process Costing System

question 123

Multiple Choice

Which of the following statements about a process costing system is incorrect?

• A)In a process costing system, each processing department has a work in process account.
• B)In a process costing system, equivalent units are separately computed for materials and for conversion costs.
• C)In a process costing system, overhead can be underapplied or overapplied just as in job-order costing.
• D)In a process costing system, materials costs are traced to units of products.

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Definitions:

Informational Influence

The effect on an individual's behavior or opinions due to the desire to be correct, often resulting from the acceptance of information from others as evidence about reality.

Injunctive Norms

Societal rules and guidelines that dictate what behaviors are perceived as approved or disapproved by a social group.

Descriptive Norm

The perception of what is commonly done or typical behavior within a specific context or group.

Injunctive Norm

Social norms that concern people's perceptions of what behaviors are approved or disapproved of by others.