Total cost of producing similar products divided by number of units produced is a technique known as

A. sale costing system

B. job costing system

C. price costing system

D. process costing system

Answer: Option D

Solution(By Examveda Team)

Total cost of producing similar products divided by number of units produced is a technique known as process costing system. Process costing is a type of operation costing which is used to ascertain the cost of a product at each process or stage of manufacture.