Match the following terms to their definitions 1. Direct labor plus manufacturin

Question

Match the following terms to their definitions 1. Direct labor plus manufacturing overhead 2. Prepared by department for EUP production costs. 3. 4. 5. 6. and assignment of costs Equivalent units of production Process costing system Transferred in costs Weighted-average method a. Expresses partially completed units in terms of fully completed units b. Used by companies that manufacture homogenous products c. Previous costs brought into later process d. Conversion costs . Combines prior period costs with current period costs t. Production cost report

Explanation / Answer

1. Direct labour and manufacturing overheads d. Conversion cost 2. Prepared by deppt for EUP, production cost and assignment of cost f. Production cost report 3. Equivalent units of production a. Expresses partialy completed units to fully completed units 4. Process costing system b. Used by companies that produced homogenous products 5. Transferred in cost c. previous cost brought in to later process 6. Weighted Average e. Combines prior period cost with current period cost

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