Which of the following is not a necessary step in preparing a production cost report?
A) Compute the equivalent units of production.
B) Compute the physical unit flow.
C) Prepare the job order cost sheet.
D) Prepare a cost reconciliation schedule.

Question

Quizplus · Accepted Answer

Job order cost sheet preparation is not needed for production cost reporting, as it is used for job costing rather than process costing. The necessary steps for preparing a production cost report include computing the equivalent units of production, computing the physical unit flow, and preparing a cost reconciliation schedule.

Which of the Following Is Not a Necessary Step in Preparing