A process costing system is employed in those situations where: many different products, jobs, or batches of production are being produced each period. where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis. a service is performed such as in a law firm or an accounting firm. full or absorption cost approach is not employed.

The answer to this question is option B.  where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.

Explanation:

Product costing is the accounting process of determining all business expenses pertaining the creation of company products. These costs can include raw material purchases, worker wages, production transportation costs and retail stocking fees.

Process costing is commonly used by companies operating in mass production of similar or identical products since the products go through the same processes.  

From the above explanation the best answer is B where manufacturing involves a single, homogeneous product that flows evenly through the production process on a continuous basis.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

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