Which are not the features of Process Costing? (i) The production is continuous (ii) The product is not homogeneous (iii) The process is standardized (iv) The output of each process is transferred to finished stock accou

CS Executive · Cost and Management Accounting · PYQS · December 2020
Which are not the features of Process Costing? (i) The production is continuous (ii) The product is not homogeneous (iii) The process is standardized (iv) The output of each process is transferred to finished stock account
(A) (i)
(B) (ii) and (iv)
(C) (i) and (iii)
(D) (ii), (iii) and (iv)

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Costing Methods

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic