question archive In companies that produce masses of identical or similar units of output and consequently use? process-costing systems, it is relatively easy to set standards and use a standard cost as the cost per equivalent unit
In companies that produce masses of identical or similar units of output and consequently use? process-costing systems, it is relatively easy to set standards and use a standard cost as the cost per equivalent unit
Subject:AccountingPrice:2.86 Bought3
In companies that produce masses of identical or similar units of output and consequently use? process-costing systems, it is relatively easy to set standards and use a standard cost as the cost per equivalent unit.
True
False
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
- True
Step-by-step explanation
This costing method is used to determine the cost of each process in each stage of production.
Processing costing is a strategy in costing that is often used in manufacturing especially where uniform or identical units are continuously mass produced through one or more processes.
