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Cost And Management Accountıng
Cost And Management Accountıng Deneme Sınavı
Cost And Management Accountıng Deneme Sınavı Sorusu #1400923
Cost And Management Accountıng Deneme Sınavı Sorusu #1400923
Which of the following is not one of the steps in process costing?
Summarize the flow of physical units of output |
Compute output in terms of equivalent units |
Summarize the total cost to account for |
Assign predicted cost to all units under production |
Compute the cost per equivalent unit |
Yanıt Açıklaması:
To calculate the unit cost, there is a five-step procedure of process costing. The steps are as follows:
1. Summarize the flow of physical units of output
2. Compute output in terms of equivalent units
3. Summarize the total cost to account for
4. Compute the cost per equivalent unit
5. Assign total cost to completed units and ending work-in-process inventory
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