Which of the following is not one of the four steps in accounting for production activity in a period?
A) Determine over- or underapplied overhead.
B) Analyze the physical flow of units.
C) Analyze equivalent units.
D) Determine cost per equivalent unit.
E) Prepare a cost reconciliation.

Question

Quizplus · Accepted Answer

Determining over- or underapplied overhead is not one of the four steps in accounting for production activity in a period. The four steps typically involve analyzing the physical flow of units, analyzing equivalent units, determining cost per equivalent unit, and preparing a cost reconciliation.

Which of the Following Is Not One of the Four