Question

Cost of production reports can also be used to compare the materials output quantity to the a.administrative staff input quantity. b.materials input quantity. c.conversion output quantity. d.total conversion for the period.

Answer 1

Answer:

b.materials input quantity

Explanation:

A cost of production report shows the following:

• total and unit costs transferred from preceding department
• materials, labor , factory Overhead added by the department
• unit costs added by the department
• total and unit costs accumulated to the end of operations
• the cost of beginning and ending work in process inventories
• the cost transferred to the next department

A cost of production report determines periodic total and unit costs.

Either in the cost of production report or in the supporting schedule each item of material used is listed, every labor operation is shown separately,factory overhead components are noted individually, and a unit cost is derived for each item.

A Quantity Schedule Of Cost of Production report  shows the following

• units started in process
• units transferred to next department
• units still in process
• units lost in process