ECONOMICS

Detailed explanation-1: -D) movies is the appropriate response. Process costing may be used in the production of chemicals, soft drinks, and computer chips.

Detailed explanation-2: -Which of the following is not a characteristic of a process cost system? The system measures costs for each completed job.

Detailed explanation-3: -The correct answer is b. A process cost system has one work in process account for each department.

Detailed explanation-4: -Typically, job costing includes customer billing to outline the exact cost of each step in the process of a particular job or order. In process costing, costs accumulate by each process or processing department and may not focus on the exact cost of each item in the process.

Detailed explanation-5: -Which of these best reflects a distinguishing factor between a job order cost system and a process cost system? A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process.