What information is found in the cost of production report?
A)the physical units processed and the manufacturing costs incurred by the department
B)the manufacturing costs incurred by the department and the variable costs
C)the fixed costs and the physical units processed by the department
D)the units planned to be produced by a department

Question

Quizplus · Accepted Answer

The cost of production report typically includes information on physical units processed (both completed and partially completed), as well as the various costs incurred in the manufacturing process, including direct materials, direct labor, and manufacturing overhead. This information can be used to calculate the cost per unit and to track the performance of the department over time. The report may also provide information on any variances between actual and expected costs, which can help managers identify areas where improvements can be made in the production process.

What Information Is Found in the Cost of Production Report