Which of the following is not a step in preparing a production report?
A)Reconcile the number of physical units worked on during the period
B)Translate the physical units into equivalent units
C)Trace the cost of direct materials and direct labor to each unit
D)Calculate the cost per equivalent unit

Question

Quizplus · Accepted Answer

Tracing the cost of direct materials and direct labor to each unit is not a step in preparing a production report. The steps in preparing a production report usually involve reconciling the number of physical units worked on during the period, translating the physical units into equivalent units, calculating the cost per equivalent unit, and calculating the total cost of units completed and transferred out, as well as the total cost of units in ending inventory.

Which of the Following Is Not a Step in Preparing