Asked by Aracelli Garcia on Jun 18, 2024
Verified
Which of the following manufacturing cost elements occurs in a process cost system?
A) Direct materials.
B) Direct labor.
C) Manufacturing overhead.
D) All of these.
Process Cost System
This is an accounting methodology used to allocate costs to units of product in continuous operations, industries where the products are homogeneous.
Manufacturing Cost Elements
The components of manufacturing costs, typically including direct materials, direct labor, and manufacturing overhead.
- Comprehend the approach for allocating and documenting manufacturing expenditures in a process costing setup.
Verified Answer
AS
Ashley SpielmannJun 22, 2024
Final Answer :
D
Explanation :
In a process cost system, all elements of manufacturing costs - direct materials, direct labor, and manufacturing overhead - are accumulated and assigned to units of product.
Learning Objectives
- Comprehend the approach for allocating and documenting manufacturing expenditures in a process costing setup.
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