Q673
Total cost of producing similar products divided by number of units produced is a technique known as
A.
sale costing system
B.
job costing system
C.
price costing system
D.
process costing system
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Total cost of producing similar products divided by number of units produced is a technique known as 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.