Match the following statements to the appropriate terms. A summary of both production quantity and...
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Accounting
Match the following statements to the appropriate terms. A summary of both production quantity and cost data for a production department. Shows that the total costs accounted for equal the total costs to be accounted for. Cost reconciliation schedule Work done during a period expressed in fully completed units. Costs expressed in terms of equivalent units of production. Actual units to be accounted for during a period, irrespective of any work performed. Units completed and transferred out during the period plus units in ending work in process inventory. Unit materials costs plus unit conversion costs. Total units accounted for minus units in ending work in process inventory.
Match the following statements to the appropriate terms.
A summary of both production quantity and cost data for a production department.
Shows that the total costs accounted for equal the total costs to be accounted for.
Cost reconciliation schedule
Work done during a period expressed in fully completed units.
Costs expressed in terms of equivalent units of production.
Actual units to be accounted for during a period, irrespective of any work
performed.
Units completed and transferred out during the period plus units in ending work in
process inventory.
Unit materials costs plus unit conversion costs.
Total units accounted for minus units in ending work in process inventory.
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