Question

form prepared periodically for each processing department summarizing (1) the units for which the department is accountable and the disposition of these units and (2) the costs charged to the department and the allocation of these costs is called a A. schedule of Cost of Goods Manufactured.B. production cost report.C. job order cost sheet.D. schedule for Cost of Goods Sold.

Answer 1

Answer:

B. production cost report

Explanation:

In the production cost report we find

• the summary of physical units and equivalent units calculations
• the summary of cost to be accounted for
• calculation of cost per equivalent units
• assign cost to units transferred out and units in ending WIP

our two requirement for the form asked are fullfil with the production cost report.

(1)The units for which the department is accountable and the disposition of these

This would be summary of physical units and equivalent units

and the tranferred-out ending inventory

(2)the costs charged to the department and the allocation of these costs

it would be the summary of cost

the calculationf for the equivalent untis

and the assignment of cost to transferred-out and ending WIP