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You are watching: Which of the following characteristics applies to process costing
Solution: 1) The correct alternative is b. Cost are gathered by department Process costing is provided when nearly the same units are mass developed. It is a technique for collecting and also assigning manufacturing price to the devices produced. In this method the c…View the complete answer
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Transcribed image text: Select the best answer 1. Which of the adhering to qualities uses to process costing? a. Differentiated products are provided on a special order basis. b. Cost are accumulated by department. c. Cost are collected by jobs. d. Direct labor employees have to store thorough records regarding the tasks on which they operated. 2. All of the complying with might be contained in the cost of a product situated in the final production department of a multi-action process except: a. The expenses of products, labor and also overhead identifiable via that department. b. Marketing and distribution expenses. c. The costs of company departments that have been allocated to production departments. d. The expenses of prior manufacturing departments. 3. Daniel LLC incurred cost of $43,000 for material, $26,000 for labor, and also $23,000 for factory overhead. Tright here no start or finishing occupational in process. 5,000 devices were completed and also transferred out. The unit cost labor is: a. $ 8.60 b. S 5.20 c. $ 18.40 d. $ 4.60 4. Daniel LLC incurred expense of $43,000 for product, $26,000 for labor, and $23,000 for manufacturing facility overhead. There no beginning or finishing job-related in process. 5,000 units were completed and moved out. The expense per u is: IS: a. S 8.60 b. S 5.20 c. $ 18.40 d. $ 4.60 . The variety of entirety units that might have actually been completed during a period, making use of the production expenses incurred throughout that period is called: a. Standard manufacturing. b. Equivalent production. c. Total systems. d. Manufactured systems. All of the adhering to are characteristics of a manufacturing report except: a. It has the variety of devices completed throughout the duration. b. It has the costs incurred by the department during the period. c. It contains the variety of devices in ending work-in-procedure and also the estimated stage of completion. d. The department manager completes the report on a monthly basis. The price of an tantamount unit is equal to: