Ask Question
BusinessBusiness
16 June, 01:03

In process cost accounting, manufacturing costs are summarized on a a. job order cost sheet. b. process order cost sheet. c. production cost report. d. manufacturing cost sheet.

+3
Answers (1)
  1. 16 June, 04:23
    0
    The correct answer is (c)

    Explanation:

    Production cost report is a report that summarises the production and cost activities related to any business activity within a firm. It is four-step procedures that involve unit costs, the cost of production and the (WIP) Inventory. Manufacturing cost is also a part of the production process which is why it is included in the production cost report.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “In process cost accounting, manufacturing costs are summarized on a a. job order cost sheet. b. process order cost sheet. c. production ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
The entry to convert from the initial value method to the equity method usually involves a debit to Investment in Subsidiary account and a credit to what account?
Answers (1)
Payback Period Each of the following scenarios is independent. Assume that all cash flows are after-tax cash flows. Colby Hepworth has just invested $500,000 in a book and video store.
Answers (1)
All of the following are types of municipalities except
Answers (1)
Which of the following is an advantage of working in teams? A. Hidden agendas B. Cost C. Groupthink D. Peer pressure E. Increased acceptance of a solution
Answers (2)
Under what system is your societal position related to your position in the economic market?
Answers (1)
New Questions in Business
A company recently paid out a $4 per share dividend on their stock. Dividends are projected to grow at a constant rate of 5% into the future, and the required return on investment is 8%.
Answers (1)
What is the average tax rate for a firm with taxable income of $118,740 in 2017? Taxable Income Tax Rate $ 0 - 50,000 15 % 50,001 - 75,000 25 75,001 - 100,000 34 100,001 - 335,000 39 Group of answer choices 34.87 percent 39.00 percent 24.
Answers (1)
State chartered banks are required to become members of the federal reserve system. a. True b. False
Answers (1)
Freddie's Market offers customers tissues, canned goods, napkins, and various detergents in basic packaging with no identified brand.
Answers (1)
What is responsible for guiding the monetary policy of the United States? O A. The Sarbanes-Oxley Act O B. Trade agreements C. Contract law O D. The Federal Reserve System
Answers (1)
Home » Business » In process cost accounting, manufacturing costs are summarized on a a. job order cost sheet. b. process order cost sheet. c. production cost report. d. manufacturing cost sheet.
Sign Up Forgot Password?