Question: Question 2 2 A process costing system is employed in those situations where: full or absorption cost approach is not employed a service is performed
Question
A process costing system is employed in those situations where:
full or absorption cost approach is not employed
a service is performed such as in a law firm or an accounting firm
many different products, jobs, or batches of production are being produced each period
where manufacturing involves a single, homogenous product that flows evenly through the
production process on a continuous basis
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