Question

The possible choices are ; production cost report, total manufacturing cost per unit, equivalent units of production, units transfered out, unit production costs, cost reconciliation schedule, total units accounted for, and physical units.

Match the following statements to the appropriate terms.
A summary of both production quantity and cost data for a production department.
Shows that the total costs accounted for equal the total costs to be accounted for.
Work done during a period expressed in fully completed units.
Costs expressed in terms of equivalent units of production.
Actual units to be accounted for during a period, irrespective of any work performed.
Units transferred out during the period plus units in ending work in process.
Unit materials costs plus unit conversion costs.
Total units accounted for minus units in ending work in process.

Answer 1

Statement Appropriate terms

A summary of both production Production cost report

quantity and cost data for a

production department.

Shows that the total costs accounted Cost reconciliation schedule

for equal the total costs to be

accounted for.

Work done during a period expressed Equivalent units of production

in fully completed units.

Costs expressed in terms of equivalent Unit production costs

units of production.

Actual units to be accounted for during Physical units

a period, irrespective of any work

performed.

Units transferred out during the period Total units accounted for

plus units in ending work in process.

Unit materials costs plus unit Total manufacturing cost

conversion costs. per unit

Total units accounted for minus units Units transferred out

in ending work in process.