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In companies that produce masses of identical or similar units of output and consequently use process-costing systems, it is relatively easy to set standards and use a standard cost as the cost per equivalent unit. True/False Previous I Skip | Save & Next Ver: 2.8.29 1 13 Nov 2017 17:36:371 11:36:56 AM MST
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processing costing is the method of costing which is used to determine the cost of each process

in each stage of rpoduction. This process costing is suitable for companies which are engaged in the  

continuous process of manufacture in bulk in which the product units are uniform or identical .

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