Cost 2 - common characteristics and some individual...

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Question Correct Match Selected Match Equivalen t unit G. The number of complete physical units to which units in inventories are equal in terms of work done to date. G. The number of complete physical units to which units in inventories are equal in terms of work done to date. FIFO process costing F. An inventory costing method whereby the first goods received are the first ones charged out when sold or transferred. F. An inventory costing method whereby the first goods received are the first ones charged out when sold or transferred. Operation E. A standardized metho d of makin g a produ ct that is repedl y perfor md. E. A standardized metho d of makin g a produ ct that is repea tedly perfor med. Operation costing D. A hybrid of job and process costing that is used in manufacturing goods that have some common characteristics and some individual characteristics. D. A hybrid of job and process costing that is used in manufacturing goods that have some
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Unformatted text preview: common characteristics and some individual characteristics. Prior departme nt costs C. The manufacturing costs of units transferred out of one department and into a subsequent department in the manufacturing process. C. The manufacturing costs of units transferred out of one department and into a subsequent department in the manufacturing process. Productio n cost report B. Summarizes production and cost results for a period. B. Summarizes production and cost results for a period. Weighted-average process costing A. An inventory costing method that combines costs and equivalent units of a period with the costs and the equivalent units in beginning inventory from the last period. A. An inventory costing method that combines costs and equivalent units of a period with the costs and the equivalent units in beginning inventory from the last period....
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This note was uploaded on 11/22/2011 for the course COST ACCOU 101 taught by Professor Dennis during the Spring '11 term at Post.

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