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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