Unit costs in a process-costing system are derived by using: Unit costs in a process-costing system are derived by using:a. in-process units.b. completed units.c. physical units.d. equivalent units.

The correct answer is:d. equivalent units. Explanation:In a process-costing system, costs are…

Answered: Unit costs in a process-costing system…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 5TF

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Similar questions

Describe the product life cycle. How do unit-level costs behave in relation to the product life cycle? Batch-level costs? Product-level costs? Facility-level costs?
Product (or manufacturing) costs consist of a. direct materials, direct labor, and selling costs. b. direct materials, direct labor, manufacturing overhead, and operating expense. c. administrative costs and conversion costs. d. prime costs and manufacturing overhead. e. selling and administrative costs.
Activity-based management includes both process value analysis and activity-based costing. Which of the following features is primarily associated with process value analysis? a. Defining root causes of each activity b. Identifying cost objects and activity drivers c. Calculating activity rate d. Assigning costs to cost objects
How are predetermined overhead rates used in process costing?
What are the two main things that an activity-based costing system attempts to accomplish relative to direct and indirect costs?
What is the primary difference between the two cost accounting systems regarding the accumulation of costs and the calculation of unit costs?
What are the objectives of a cost management information system?
Accumulating costs means that a. costs must be summed and entered on the income statement. b. each cost must be linked to some cost object. c. costs must be measured and tracked. d. costs must be allocated to units of production. e. costs have expired and must be transferred from the balance sheet to the income statement.
What is the primary purpose of process costing?
Which of the following are prime costs? A. indirect materials, indirect labor, and direct labor B. direct labor, indirect materials, and indirect labor C. direct labor and indirect labor D. direct labor and direct materials
The second stage of customer-based activity-based costing entails the assignment of: a. resource costs to sales departments. b. resources costs to distribution channels. c. customer-related activity costs to products. d. customer-related activity costs to customers.
Identify appropriate cost drivers for these cost pools: A. setup cost pools B. assembly cost pool C. supervising cost pool D. testing cost pool

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Unit costs in a process-costing system are derived by using: a. in-process units. b. completed units. c. physical units. d. equivalent units.