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24 September, 23:50

Process costing is applied to operations with repetitive production and customized products. True or False

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  1. 25 September, 00:12
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    False

    Explanation:

    Process costing systems are usually applied by companies that mass produce large volumes of standardized or nearly identical units on a continuous basis. It is not applied in the manufacturing of customized units.

    The main advantages of process costing systems are that they are more flexible when management wants to introduce changes to the production process, and it can be used by management to determine which processes or materials can be targeted in order to lower costs.
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