Ask Question
BusinessBusiness
24 September, 01:17

Companies that use a series of repetitive manufacturing processes to produce standardized products should use a process costing system. True or False True False

+5
Answers (1)
  1. 24 September, 01:45
    0
    true

    Explanation:

    When the production is streamlined and non-stop it is better to use the process cost system. As the equivalent units approach used in this system manages to represent the complicated task to determinate, the amount of work the Work in Process has.

    Process costing describe how to assigning manufacturing costs to the units produced by using the idea of equivalent units
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Companies that use a series of repetitive manufacturing processes to produce standardized products should use a process costing system. ...” 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
A difference between money issued by colonies and money issued by the continental congress was that money issued by each colony was:
Answers (1)
When it comes to making a good impression in a work setting,?
Answers (1)
Which of the following statements about yearly renewable term insurance is (are) true? I. It requires evidence of insurability for renewal. II. It is most appropriate when an insured needs lifetime protection.
Answers (1)
In what order are college degrees earned
Answers (2)
A woman went to the Beneficial Loan Company and borrowed $10,000. She must pay $323.53 at the end of each month for the next 60 months. What is the monthly interest rate she is paying
Answers (1)
New Questions in Business
Suppose that a firm produces 200,000 units a year and sells them all for $10 each. The explicit costs of production are $1,500,000 and the implicit costs of production are $300,000. The firm has an accounting profit of: a.
Answers (1)
John has applied overhead of $80,000 and actual overhead of $70,600 for the month of November. He applies overhead based on direct labor hours, and that amounts to 10,000 hours for the month of November.
Answers (1)
Under market organization, individuals can communicate their preferences to other decision makers directly, through communication, but not indirectly, through their choice of whom to transact with. A) True B) False
Answers (1)
If you die without a valid will: the federal court decides how the property should be distributed. the IRS confiscates your property. your relatives or friends will get the property. the state's law of descent and distribution becomes your will.
Answers (1)
A service economy is one in which more effort is devoted to the production of goods than to the production of services. a. true b. false
Answers (1)
Home » Business » Companies that use a series of repetitive manufacturing processes to produce standardized products should use a process costing system. True or False True False
Sign Up Forgot Password?