Asked by jordan lewis on Jun 29, 2024
Verified
A company that produces motion pictures would likely use a process cost system.
Motion Pictures
A category of visual art form that uses moving images to tell stories or convey information, often accompanied by sound.
Process Cost System
An accounting system used to track costs in industries where production is continuous and processes are uniform, assigning costs to units of output.
- Identify the variations among product types and industrial sectors that apply process costing systems compared to those that adopt job order costing systems.
Verified Answer
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Alyson DiamondJul 06, 2024
Final Answer :
False
Explanation :
A company that produces motion pictures would likely use a job order cost system, as each film is a unique project with its own set of costs and production processes. A process cost system would be used for products that are manufactured in a continuous, standardized process, such as chemicals or food items.
Learning Objectives
- Identify the variations among product types and industrial sectors that apply process costing systems compared to those that adopt job order costing systems.