Which of the following production characteristics is better suited for process costing and not job order costing? Each product batch is distinguishable from the prior batch. The costs are easily traced to a specific product. Costs are accumulated by department. The value of work in process is the direct material used, the direct labor incurred, and the overhead applied to the job in process.

Costs are accumulated by department

Explanation:

Some times, products are manufactured in batches in a manufacturing company. This method of production is synonymous with process costing. Process costing is a standardized production process through which products that are identical are manufactured. The costs expended( direct material cost, direct labor cost and manufacturing overhead) in the production of goods in process costing are not identifiable with a specific unit unlike job order costing.

In process costing, costs are accumulated by each department including the number of units produced. Example of products involved in process costing is making of chairs; chairs that involves batch production instead of customized ones.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answer; depth;