What document is used to summarize costs in process cost accounting?
A)job-order cost sheet
B)process order cost sheet
C)production cost report
D)manufacturing cost sheet

Question

Quizplus · Accepted Answer

A production cost report is used in process cost accounting to summarize the costs associated with a specific production process or department. It includes information such as the quantity of units produced, the cost of materials, labor, and overhead, and the total cost per unit. The other options listed (job-order cost sheet, process order cost sheet, and manufacturing cost sheet) are not specifically used for summarizing costs in process cost accounting.

What Document Is Used to Summarize Costs in Process Cost