The cost of production report reports the costs charged to production and the costs allocated to finished goods and work in process.

Question

Quizplus · Accepted Answer

The cost of production report provides information on the total cost of production, including both direct and indirect costs. It includes the costs charged to production, such as direct materials, direct labor, and factory overhead, as well as the costs allocated to finished goods and work in process. Therefore, option A is true.

The Cost of Production Report Reports the Costs Charged to Production