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: -Process costing is widely used in industries such as oil refining, food production, chemical processing, textiles, glass, cement and paint manufacture.

Detailed explanation-3: -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-4: -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.

Detailed explanation-5: -Process costing is used to account for: large numbers of identical products that are produced in a continuous manufacturing environment.