What types of costs are normally found in a process accounting system?

a.materials and labor

b.overhead, selling and administrative

c.labor and overhead

d.materials, labor and overhead

Which of the following companies would be least likely to use a process costing system?

a.a home-builder

b.a fertilizer company

c.a chemical company

d.an oil refinery

Manufacturers that produce a large number of homogeneous products are most likely to use which of the following?

a.parallel costing

b.job-order costing

c.process costing

d.sequential costing

The production report

a.provides information about the manufacturing costs incurred by the department.

b.provides information about the physical units processed by the department.

c.is a subsidiary to the work in process account.

d.All of these choices are correct.