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Oil Refining companies use which form of costing process?
8. Oil Refining companies use which form of costing process?
- Batch Costing
- Direct Costing
- Process Costing
- Works Cost
Answer: C) Process Costing
Explanation:
Oil Refining companies use Process Costing for bookkeeping. Process costing is a bookkeeping strategy ordinarily utilized by organizations that efficiently manufacture practically the same or indistinguishable items or units of the result.