Ask Question
BusinessBusiness
26 May, 14:15

When should process costing techniques be used in assigning costs to products?

a. if the firm manufactures heterogeneous products

b. if the products are repetitively produced

c. if the products are manufactured according to customer specifications

d. all of these choices are correct?

+3
Answers (1)
  1. 26 May, 14:25
    0
    The correct option is B.

    Process costing is the type of costing technique in which costs are assigned to products in batches. This type of costing is usually used by companies which produce homogeneous products which have similar production process stages. Cost is usually assigned to the batches of goods produced instead of individual units.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “When should process costing techniques be used in assigning costs to products? a. if the firm manufactures heterogeneous products b. if the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which one of the following actions will increase the current ratio, all else constant? Assume the current ratio is greater than 1.0.
Answers (1)
Here are selected data for sally day corporation: beginning raw materials inventory $37,000 beginning work in process inventory 61,500 beginning finished goods inventory 56,300 cost of materials purchased 151,000 cost of direct materials
Answers (1)
Garden Gnomes Inc. decides its production process would be much better guided by creating a flatter organizational hierarchy, and it decides to eliminate supervisors within that structure. The resulting efficiency in human resources is due to: b.
Answers (1)
In the 21st century, where are the products sold in Walmart stores made? How does Walmart currently treat their vendors (the factories and people who make products for Walmart stores) ?
Answers (1)
With a reserve requirement of 5% and required reserves of $10,000, a bank has a total of a. $475,000 in demand deposits. b. $50,000 in checkable deposits. c. $500 in checkable deposits. d. $10,000 in demand deposits. e.
Answers (1)
New Questions in Business
An airline company is interested in the opinions of their frequent flyer customers about their proposed new routes. Specifically, they want to know what proportion of them plan to use one of their new hubs in the next 10 months.
Answers (1)
Taylor Bank lends Guarantee Company $92,811 on January 1. Guarantee Company signs a $92,811, 12%, nine-month note. The entry made by Guarantee Company on January 1 to record the proceeds and issuance of the note is
Answers (1)
Why is it important to know the interest rate on your credit card? a) The higher the interest rate, the more money you will be paying back b) The higher the interest rate, the less money you will be paying back c) The lower the interest rate, the
Answers (2)
It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only all the firms being compared have the same proportion of fixed assets to total assets. a) trueb) false
Answers (1)
Which of the following actions differentiates an entrepreneur from other small business owners?
Answers (1)
Home » Business » When should process costing techniques be used in assigning costs to products? a. if the firm manufactures heterogeneous products b. if the products are repetitively produced c. if the products are manufactured according to customer specifications d.
Sign Up Forgot Password?