Which of the following is not a step in the preparation of a production cost report?
A)Analyze the physical flow of production units.
B)Determine total costs for each manufacturing cost element.
C)Compute cost per equivalent unit for each manufacturing cost element.
D)Calculate incomplete units for each manufacturing cost element.

Question

Quizplus · Accepted Answer

Calculating incomplete units for each manufacturing cost element is not a step in the preparation of a production cost report. The other options - analyzing the physical flow of production units, determining total costs for each manufacturing cost element and computing cost per equivalent unit for each manufacturing cost element are all steps included in the preparation of a production cost report.

Which of the Following Is Not a Step in the Preparation