Question: True or False Process costing uses materials requisition forms and labor time tickets to trace direct materials and direct labor costs? The basic approach in

True or False

  1. Process costing uses materials requisition forms and labor time tickets to trace direct materials and direct labor costs?
  2. The basic approach in process costing is to accumulate costs in a particular operation or department for an entire period (month, quarter, year) and then divide this total by the number of units produced during the period.

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