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26 December, 22:56

For which of the following businesses would a process cost system be appropriate? a. custom furniture manufacturer b. boat repair service c. dressmaker d. shampoo manufacturer

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  1. 27 December, 02:07
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    The correct answer is letter "D": shampoo manufacturer.

    Explanation:

    Cost systems are methods of allocating costs to goods produced for resale. Such systems improve organizational ability to operate efficiently and profitably. Cost accounting methods are also used for external financial reporting purposes mainly in reports of goods sold on the Income Statement and Work-In-Progress Inventory (WIP) on the Balance Sheet.

    Cost systems are more useful when the units produced have all the same or almost the same features and are produced massively. Thus, cost systems are more likely to be implemented in shampoo manufacturing companies.
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