Process costing is used when goods are fairly homogenous.

True

False

A flexible budget contains:

Question 2 options:

	actual costs for planned output
	actual costs for actual output
	budgeted amounts for actual output
	budgeted amounts for planned output

When using process costing, we allocate costs by using an average measure of how much work has been done. This measure is called:

Question 1 options:

	Completed Units
	Equivalent Units
	Weighted Average Units
	Work Units