Which of the following is a step in the preparation of a production cost report?
A) assignment of costs to units completed and units in process
B) summarization of the flow of physical units to the suppliers
C) computation of expected units of production
D) computation of amount of materials required for production

Question

Quizplus · Accepted Answer

Assignment of costs to units completed and units in process is a crucial step in preparing a production cost report. It involves allocating all the costs incurred during the production process to the units that were completed and the ones that are still in process. This helps to determine the total cost of production, which is necessary for making critical business decisions. The other options (B, C, and D) are not steps in the preparation of a production cost report.

Which of the Following Is a Step in the Preparation