Question

process costing is suitable in?
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Answer 1

Hi mate

Here is ur answer ⤵

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Process costing is a type of operation costing which is used to ascertain the cost of a product at each process or stage of manufacture. Costs are averaged over the units produced during the period". Process costing is suitable for industries producing homogeneous products and where production is a continuous flow.

Answer 2

Process costing is suitable for oil refing firms. Process costing is suitable for industries producing homogeneous products and where production is a continuous flow. Examples of this include the manufacture of erasers, chemicals or processed food.


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