Question 1
The costing systems in which all product costs for the period are accumulated and divided evenly over all units produced during the period is referred to as
◦ an accumulation costing system.
◦ a job order costing system.
◦ a departmental costing system.
◦ a process costing system.
Question 2
Which of the following types of entities would likely use a process costing system?
◦ Ship building
◦ Soft drink bottler
◦ Construction
◦ CPA firm