part one

Which of the following would not be a characteristic in a Process Costing System?

Select one:

A. Each department has its own WIP account

B. A product cost report accumulates costs in each department

C. DM, DL, and FOH are transferred directly to the finished good account

D. Products physically move through each department

part 2

Dropping an unprofitable customer will always result in immediate improvements in company profits.

True or False

part 3

In process costing, all product costs are accumulated in a single Work in Process account until the goods have passed through all production departments; the costs are then transferred to Finished Goods.

True of False

Part 4

Increasing the number of cost pools in an Activity-Based Costing system will almost always result in cost savings.

true or false