A company that applies process costing is most frequently characterized by:A. Low standardization and high production volume. B. Custom orders and homogeneous products. C. Repetitive production and heterogeneous products. D. Repetitive production and low production volume. E. Homogeneous product and high production volume.

E. Homogeneous product and high production volume.

Explanation:

In order to use the process costing system there has to be similar product.

That way the cost of doing a unit is the same as any other unit.

If not, then is better to use job costying system.

Also it has to be a high volume, mass production. So the cost of the period are allocated to the production of untis during the period, instead of allocate for job or order.