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A process cost system is employed in those situations where:

a) full or absorption cost approach is not employedb) a service is performed such as in a law firm or an accounting firm

c) where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis

d) many different products, jobs, or batches of production are being produced each period.

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تم إضافة السؤال من قبل Mir Mujtaba Ali , Internal Audit Manager , Confidential
تاريخ النشر: 2015/03/02
Almutaz Bakry Sidahmed
من قبل Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

Answer (C) is the correct, appreciate your usual helpfull questions and answers.

Waqayan Al Waqayan
من قبل Waqayan Al Waqayan , Secretary of Sharia Supervisory Board (SSB) , Ahli United Bank (AUB)

c. option is the right answer.

Ahmed kandil
من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany

answer C is the correct answer 

thank you 

mohamed Hakim CMA CPA Candidate
من قبل mohamed Hakim CMA CPA Candidate , Accounting Manager , Andersen saudi arabia

Answer C  is the right answer

Homogeneous product with nonstop process of production 

 

 

Alex Al Yazouri
من قبل Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

c) >>>>>>>>>>>>>>where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis

IMRAN ALI MOHAMMED
من قبل IMRAN ALI MOHAMMED , Accounts Officer , M/s. Euro Glazing Ltd

The process cost accounting system is applied where similar units are mass produced. Costs are collected by department and are then assigned to the units produced. So the answer is C

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Answer is

>>C)where manufacturing involves a single,homogeneous product that flows evenly through the production process on acontinuous basis

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Answer C is correct . With homogeneous product .

Khurram Shaukat Memon
من قبل Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

Process cost system assumes that cost per unit is same and so is used in industry where homogeneous product flows evenly through production process on a continuous basis.

حسين محمد ياسين
من قبل حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

agree with answers C is correct

Md. Moshiur Rahman Sumon
من قبل Md. Moshiur Rahman Sumon , Assistant General Manager( Corporate Finance & Head of Internal Audit) , Progressive Life Insurance Company Limited

C-is the right answer...............................