In a process cost system a production cost report is prepared
A) only for the first processing department.
B) for all departments in the aggregate.
C) for each processing department.
D) only for the last processing department.

Question

Quizplus · Accepted Answer

In a process cost system, a production cost report is prepared for each processing department. This report provides information about the total costs, including direct materials, direct labor, and manufacturing overhead, as well as the equivalent units of production for each department. These reports are used to calculate the cost per unit of production and to determine the overall cost of goods sold.

In a Process Cost System a Production Cost Report Is