Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. a cost of production report in a process cost s

1. A cost of production report in a process cost system is a managerial accounting...

90.2K

Verified Solution

Question

Accounting

1. A cost of production report in a process cost system is a managerial accounting report that describe:

a. The costs charged to a department

b. The equivalent units of production by the department

c. How the costs were assigned to the putput

d. Physical transfers out of a department

e. All of the above

2. Which of the following characteristics applies to process cost accounting and not to job order cost accountig

a. Use of a predetermined overhead rate

b. Identifiable losts of production

c. Equivalent units of production

d. Labor time ticket for each employee

e. use of a single Goods in Process account

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students