Question: What should be management's first step in developing a process costing system? a . Calculate the cost of each production process. b . Determine how

What should be management's first step in developing a process costing system?
a.
Calculate the cost of each production process.
b.
Determine how products move through the production process.
c.
Select which costing approach the company will use.
d.
Determine a standard cost as a production benchmark.

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