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CaHeK987 [17]
2 years ago
14

In a process cost system, the application of factory overhead usually is recorded as an increase in?

Business
1 answer:
vredina [299]2 years ago
5 0

In a process cost system, the application of factory overhead usually is recorded as an increase in work in process inventory control.

<h3>What is the process costing system?</h3>
  • When a large number of similar products are manufactured, a process costing system accumulates costs.
  • A process costing method is used by any large-scale firm who produces huge quantities of identical commodities.
  • A petroleum refinery is a perfect example of a process costing environment since it is hard to trace the cost of a specific unit of oil as it passes through the refinery.

learn more about costing system refer:

brainly.com/question/26515102

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