ACCT 2302 Ch 16 Process Costing and Analysis Smartbook exam study guide
Ch16: Process Costing and Analysis 1 1. Match each product with the type of manufacturing most likely to be used—job order or process operations. Job order customized home Process soft drinks Process oil changes Process chocolate chip cookies Job order wedding invitations 2. In process operations, costs are accumulated in each process. In the final process, cost are transferred to: Finished goods 3. Process and job order operations are similar in that both Are used to determine the cost per unit of product or service Combine materials, labor, and overhead in producing products 4. Equivalent units of production refers to the number of units that could have been: Started and completed 5. After determining the physical flow of units, the next step in process costing is: Computed equivalent units of production 6. The mass production of products in a continuous flow of steps is the definition of: Process operations 7. In a process operation, each process has a sep
Written for
- Institution
-
San Jacinto College
- Course
-
ACCT 2302
Document information
- Uploaded on
- October 25, 2023
- Number of pages
- 4
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
- acct 2302
-
ch 16 process costing and analysis smartbook
Also available in package deal