Question

under the process costing the concept of process cost is based on
1) Marginal cost
2) standard cost
3) Average cost
4) Differential cost​

Answer 1

Answer:

a marginial cost .

Explanation:

Materials part way through a process (e.g. chemicals) might need to be given a value, process costing allows for this. By determining what cost the part processed material has incurred such as labor or overhead an "equivalent unit" relative to the value of a finished process can be calculated.