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Question

Answer the Following Question: Process Costing Is Suitable for


A

Hospitals

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B

Oil Refining Firms

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C

Transport Firms

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D

Brick Laying Firms

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Solution

The correct option is B

Oil Refining Firms


The correct answer is option (B) Oil Refining Firms

Process costing is suitable for oil refining firms. Process costing is suitable for industries that produce homogeneous products.


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