A production cost report
A) is prepared for each product.
B) is prepared from a job cost sheet.
C) will show quantity and cost data for a production department.
D) will not identify a specific department if more than one department is involved in the production process.

Question

Quizplus · Accepted Answer

A production cost report shows quantity and cost data for a specific production department. It summarizes the total production costs incurred during a period and breaks them down by the type of cost (e.g., direct materials, direct labor, overhead). It does not focus on a single product but rather on the cumulative costs of all products produced in the department. This report is used by managers to monitor the efficiency and effectiveness of their department's production processes.

A Production Cost Report