Question: TB MC Qu . 4 - 1 9 ( Static ) A process costing system is employed . . . A process costing system is

TB MC Qu.4-19(Static) A process costing system is employed ...
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.
manufacturing involves a single, homogeneous product that flows evenly through the production process on a
continuous basis.

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