Characteristics of process operations include: (Check all that apply.)
production + identical units
In process operations, costs are accumulated in each process. In the final process,
cost are transferred to:
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
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
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.