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

ID: 2371846 • Letter: 1

Question

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

d. Physical transfers out of a department

e. use of a single Goods in Process account

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