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CIMAPRA17-BA2-1 Exam - Topic 1 Question 75 Discussion

Which of the following industries would not use process costing?
B) House-building and C) Chemical
A) Brewing
D) Food processing

CIMAPRA17-BA2-1 Exam - Topic 1 Question 75 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam
Question #: 75
Topic #: 1
[All CIMAPRA17-BA2-1 Questions]

Which of the following industries would not use process costing?

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Suggested Answer: B, C, E

https://www.cgma.org/resources/reports/globalmanagementaccountingprinciples/about-the-principles.html#?tab-1=3

by Genevieve at Jul 09, 2024, 09:23 AM

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Long
9 months ago
Chemical industry is all about process costing, no doubt!
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Matthew
10 months ago
Wait, are we sure brewing uses process costing? Seems odd.
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Bettina
10 months ago
Actually, I thought food processing might not use it either.
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Ivory
10 months ago
I agree, it's more project-based costing for that.
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Dean
10 months ago
House-building definitely doesn't use process costing.
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Pearline
10 months ago
I practiced a similar question, and I think house-building is definitely not a process costing industry since it's more customized.
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Dean
11 months ago
I’m a bit confused; I thought all these industries could use process costing in some way. But I guess house-building is more project-based?
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Adrianna
11 months ago
I remember studying that process costing is typically for continuous production, so I feel like house-building might be the odd one out here.
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Paris
11 months ago
I think process costing is used in industries where products are mass-produced, like brewing and food processing, but I'm not sure about house-building.
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Terry
11 months ago
I think the key here is to identify which industry produces standardized, interchangeable products. That would point to process costing being used. House-building doesn't fit that description.
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Hildegarde
11 months ago
Okay, let me think this through. Brewing, chemical, and food processing all seem like they would use process costing since they involve continuous production. House-building is the odd one out here.
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Carman
11 months ago
Hmm, I'm a bit unsure about this one. I know process costing is used for mass-produced goods, but I'm not sure which of these industries would fit that description.
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In
11 months ago
This one seems pretty straightforward. I'm pretty confident that house-building would not use process costing, since each house is a unique product.
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Norah
11 months ago
I'm going to go with house-building as the answer. Each house is a unique project, so process costing wouldn't really apply in that industry.
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Katina
11 months ago
Hmm, I'm a bit unsure about this one. I know NFV is related to virtualization, but I'm not totally clear on the specific drawbacks to consider.
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Wendell
11 months ago
Okay, let's see here. I think the key is to identify the three certificates needed - a signed certificate, a CA root, and potentially a specific format like .p12. I'll need to double-check the details.
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Catalina
11 months ago
Hmm, this is a tricky one. I'll need to think through the key features of blockchain to determine which regulatory requirement it's best suited for.
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Tandra
1 year ago
I'm going to have to go with B) House-building. It just seems like the most logical choice, unless they're building custom homes for each customer. And even then, process costing might still be the way to go.
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Alethea
1 year ago
D) Food processing is another industry that would not use process costing.
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Arlie
1 year ago
C) Chemical industry would not use process costing either.
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Ronald
1 year ago
A) Brewing would not use process costing.
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Margot
1 year ago
I'm leaning towards B) House-building. I mean, can you imagine trying to do job costing for each and every house? That would be like trying to count the number of grains of sand on a beach.
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Terina
1 year ago
Brewing? Process costing? That's a no-brainer. They've got to be tracking the costs of each batch of beer. I'd be surprised if they didn't use process costing.
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Francine
1 year ago
C) Chemical
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Vernell
1 year ago
Brewing industry would definitely use process costing to track costs of each batch of beer.
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Art
1 year ago
Definitely not brewing, they need to track costs for each batch of beer.
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Alyce
1 year ago
D) Food processing
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Ellsworth
1 year ago
C) Chemical
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Lezlie
1 year ago
B) House-building
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Hoa
1 year ago
A) Brewing
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Lashaun
1 year ago
I'm going with B) House-building. I mean, how else would they keep track of all the materials and labor that go into each home? Process costing seems like the way to go.
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Elvera
1 year ago
I agree, process costing is more suitable for industries like brewing and food processing.
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Benton
1 year ago
D) Food processing industry would not use process costing.
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Nan
1 year ago
C) Chemical industry would not use process costing either.
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Larue
1 year ago
A) Brewing would not use process costing.
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Rikki
1 year ago
I disagree. House-building can still use process costing for standard designs and materials.
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Whitley
1 year ago
I agree with Charlene. House-building involves custom projects, so it's not a continuous process like the other industries.
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Charlene
1 year ago
I think house-building would not use process costing.
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Loreta
1 year ago
Hmm, house-building definitely uses process costing. I can't imagine trying to figure out costs for each individual house. That would be a nightmare!
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Karol
1 year ago
D) Food processing
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Art
1 year ago
C) Chemical
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Jose
1 year ago
A) Brewing
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Fausto
1 year ago
House-building definitely uses process costing. Trying to figure out costs for each individual house would be a nightmare!
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Lajuana
1 year ago
D) Food processing
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Eric
1 year ago
C) Chemical
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Marya
1 year ago
B) House-building
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Lonny
1 year ago
A) Brewing
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