Lernkarten

Julia Rawyler
Karten 27 Karten
Lernende 1 Lernende
Sprache English
Stufe Universität
Erstellt / Aktualisiert 25.05.2021 / 27.06.2021
Lizenzierung Keine Angabe
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0 Exakte Antworten 10 Text Antworten 17 Multiple Choice Antworten
Fenster schliessen

Costs are assigned to each specific job in a process cost system.


Chapter 3
True

False

Fenster schliessen

In a process cost system, total costs are determined at the end of a period of time, such as a month.


Chapter 3
True

False

Fenster schliessen

In a process cost system, the unit cost is total manufacturing costs divided by the equivalent units produced during the period.


Chapter 3
True

False

Fenster schliessen

The accumulation of the costs of materials, labor, and manufacturing overhead is the same in a process cost system as in a job order cost system.


Chapter 3
True

False

Fenster schliessen

More materials requisitions are generally required in a process cost system than in a job order cost system.


Chapter 3
True

False

Fenster schliessen

Equivalent units of production equals units completed and transferred out + units in beginning work in process.


Chapter 3
True

False

Fenster schliessen

Two equivalent unit computations are necessary—one for materials and the other for conversion costs.


Chapter 3
True

False

Fenster schliessen

The first step in preparing a production cost report is to compute the equivalent units of production.


Chapter 3
True

False