ACC Ch 16 LS.docx - ACC Ch 16 LS Match each product with...

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ACC Ch 16 LS Match each product with the type of manufacturing most likely to be used—job order or process operations. job order- Customized Home process operations- Soft drinks In a process operation, each process has a separate department which will accumulate costs for each of the following: overhead direct labor direct materials 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. Equivalent units of production refers to the number of units that could have been:
Characteristics of process operations include: (Check all that apply.) low product flexibility.
The cost object in a job order system is the ______ and the cost object in a process costing system is the ______. specific job; process After determining the physical flow of units, the next step in process costing is:
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.
Department 1 completed and transferred out 450 units and had ending work in process inventory of 60 units. The ending inventory is 20% complete for materials and 60%

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