ECONOMICS

Detailed explanation-1: -A company that produces motion pictures would likely use a process costing system. Q. In a process costing system, costs are tracked through a series of connected manufacturing processes or departments, rather than by individual jobs.

Detailed explanation-2: -Process costing is generally used by manufacturers that produce a large volume of identical items, such as companies involved in oil refining, food production, chemical processing, textiles, glass, cement and paint.

Detailed explanation-3: -Question: A process costing system1 is used by companies that produce similar or identical units of product in batches employing a consistent process. Examples of companies that use process costing include Chevron Corporation (petroleum products), the Wrigley Company (chewing gum), and Pittsburgh Paints (paint).

Detailed explanation-4: -Process costing is a method of costing used mainly in manufacturing where units are continuously mass-produced through one or more processes. Examples of this include the manufacture of erasers, chemicals or processed food.

Detailed explanation-5: -Answer and Explanation: The correct answer is option D) A builder of customized yachts. A builder who customized yachts manufacturer is likely to use job-order costing as it engaged in manufacturing customized items.