Question: When using process costing, you need to understand that process costing: a) allocates all product costs, including materials, and labor b) results in different costs

When using process costing, you need to understand that process costing:

a) allocates all product costs, including materials, and labor

b) results in different costs for different units produced

c) cannot be used with standard costing

d) is commonly used by general contractors who construct custom-build homes

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