1) Process cost systems are used to apply costs to a specific job, such as the manufacturing of a specialized machine. 2) A company that produces motion pictures would likely use a process cost system 3) In a process cost system, costs are tracked through a series of connected manufacturing processes or departments, rather than by individual jobs. 4) Fewer materials requisitions are generally required in a process cost system than in a job order cost system. 5) Equivalent units of production are used to determine the cost per unit of completed products. 6) Equivalent units of production is the sum of units completed and transferred out plus equivalent units of beginning work in process. 7) Equivalent units of production must be calculated before the unit production costs can be computed. 8) The physical units in a department are another name for the equivalent units of production. 9) Under the FIFO method, it is assumed that the beginning work in process is completed before new work is started. 10) In a process cost system, materials, labor and overhead are only added in the first production department. 11) The assignment of the three manufacturing cost elements to Work in Process in a process cost system is the same as in a job order cost system. 12) Process cost accounting focuses on the process involved in mass-producing products that are very similar in nature. 13) In a process cost system, labor costs incurred may be captured on time tickets. 14) A primary driver of overhead costs in continuous manufacturing operations is machine time used