Which of the following statements is true of process costing?
A) It uses one Work-in-Process Inventory account.
B) It tracks and assigns both period costs and product costs to units produced.
C) It accumulates product costs by production departments.
D) It assigns manufacturing overhead costs to products only in the last production process.
C
Business
You might also like to view...
In a C-Corp, who generally finds the best way to do business?
What will be an ideal response?
Business
Spyware is
A) software that tells the user if anyone is spying on his computer. B) software that monitors whether spies are looking at the computer. C) software that monitors computing habits and sends the data it gathers to someone else. D) none of the above
Business