ECONOMICS

COST ACCOUNTING

PROCESS COSTING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
One characteristic of products that are mass-produced in a continuous production process is that
A
The products are identical or very similar in nature.
B
They are grouped in batches.
C
They are produced at the time an order is received.
D
Their costs are accumulated on job cost sheets.
Explanation: 

Detailed explanation-1: -A characteristic of products that are mass-produced in a continuous fashion is that? the products are identical or very similar in nature. they are grouped in batches. they are produced at the time an order is received.

Detailed explanation-2: -Standardization of product, process, materials, machine and uninterrupted flow of materials are the main characteristics of this system. Mass production system is employed in several industries where the production is carried on without any interruption.

Detailed explanation-3: -Mass production methods are based on two general principles: (1) the division and specialization of human labour and (2) the use of tools, machinery, and other equipment, usually automated, in the production of standard, interchangeable parts and products.

Detailed explanation-4: -Answer : (C)high volume. Continuous production processes is typically characterized by uninterrupted production over a long time (not short production runs), of standardized products and in in large production.

There is 1 question to complete.