ACC LS.docx - Characteristics of process operations...

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Characteristics of process operations include: (Check all that apply.) high volume production + identical units In process operations, costs are accumulated in each process. In the final process, cost are transferred to: Finished goods Process and job order operations are similar in that both: (Check all that apply.) are used to determine the cost per unit of product or service. combine materials, labor, and overhead in producing products. Understanding the cost of partially completed goods allows the manufacturer to:
List the four steps involving analysis when accounting for a department's activity, with the first step listed on top.
The mass production of products in a continuous flow of steps is the definition of:
In process operations, where there is a series of repetitive processes, each process is a separate production department. The cost object in a job order system is the ______ and the cost object in a process costing system is the ______. specific job; process Department B had a beginning inventory balance of 150 units. During the accounting period, the department started an additional 950 units and 975 units were completed and transfered out. Department B had an ending balance of 125 units. Equivalent units of production refers to the number of units that could have been: started and completed After determining the physical flow of units, the next step in process costing is:
Match each product with the type of manufacturing most likely to be used—job order or process operations.
direct labor Overhead Direct materials

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