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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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Question ajoutée par Mir Mujtaba Ali , Internal Audit Manager , Confidential
Date de publication: 2015/03/02
Almutaz Bakry Sidahmed
par Almutaz Bakry Sidahmed , Internal Audit Manager , Banan real estate

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

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

c. option is the right answer.

Ahmed kandil
par Ahmed kandil , Cost Controller , Battour Holding Cpompany

answer C is the correct answer 

thank you 

mohamed Hakim CMA CPA Candidate
par 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
par 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
par 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

Utilisateur supprimé
par Utilisateur supprimé

Answer is

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

Utilisateur supprimé
par Utilisateur supprimé

Answer C is correct . With homogeneous product .

Khurram Shaukat Memon
par 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
par حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

agree with answers C is correct

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

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