Asked by Brandon Gaylord on Jul 12, 2024
Verified
A process cost system would be used for all of the following products except
A) chemicals.
B) computer chips.
C) motion pictures.
D) soft drinks.
Process Cost System
An accounting system used to track and allocate costs of production by process or department, common in manufacturing operations.
Motion Pictures
Motion Pictures are works of art or entertainment that consist of sequences of images, which, when shown on a screen, create the illusion of moving images.
- Differentiate between the categories of goods and sectors employing process costing systems as opposed to those utilizing job costing systems.
Verified Answer
AT
Areeb ThassimJul 12, 2024
Final Answer :
C
Explanation :
A process cost system is used for products that are indistinguishable from each other and produced in a continuous process, such as chemicals, computer chips, and soft drinks. Motion pictures, however, are unique projects and would typically use a job order costing system instead.
Learning Objectives
- Differentiate between the categories of goods and sectors employing process costing systems as opposed to those utilizing job costing systems.
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