Respuesta :
Process costing is used to track costs for uniform products manufactured in large batches. As a result, cereal manufacturer would almost certainly use process costing.
What kinds of products would you use for process costing?
- Process costing is an important method of product costing for manufacturing firms that mass produce a large volume of similar products or units of output.
- Oil refining, food production, chemical processing, textiles, glass, cement, and paint manufacturing are all industries that use process costing.
- Process costing is a costing method commonly used in manufacturing where units are continuously mass-produced via one or more processes. Manufacturing of erasers, chemicals, or processed food are examples of this.
- Chevron Corporation (petroleum products), the Wrigley Company (chewing gum), and Pittsburgh Paints (paint) are examples of companies that use process costing.
- In situations where many different products or services are produced each period to customer specifications, job-order costing is more likely to be used than process costing.
- Costs are traced to departments and then allocated to units of product using an average process in a job-order costing system.
To learn more about process costing refer to:
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