part one
Which of the following would not be a characteristic in aProcess Costing System?
Select one:
A. Each department has its own WIP account
B. A product cost report accumulates costs in eachdepartment
C. DM, DL, and FOH are transferred directly to the finished goodaccount
D. Products physically move through each department
part 2
Dropping an unprofitable customer will always result inimmediate improvements in company profits.
True or False
part 3
In process costing, all product costs are accumulated in asingle Work in Process account until the goods have passed throughall production departments; the costs are then transferred toFinished Goods.
True of False
Part 4
Increasing the number of cost pools in an Activity-Based Costingsystem will almost always result in cost savings.
true or false
