Q695
Costing system, which classify cost into cost categories in a way when an expense is incurred in process is called
A.
conversion expense costing system
B.
inventory costing system
C.
process costing system
AnswerD.
job costing system
Answer: Option C
Solution
Answer: Option C
Solution:
Costing system, which classify cost into cost categories in a way when an expense is incurred in process is called process costing system. Process costing is a type of operation costing which is used to ascertain the cost of a product at each process or stage of manufacture.