A form prepared periodically for each processing department summarizing (1)the units for which the department is accountable and the disposition of these units and (2)the costs charged to the department and the allocation of these costs is called a:

Question

Quizplus · Accepted Answer

A production cost report is a summary of costs and units for a specific department within a manufacturing process. It includes both the costs charged to the department and the allocation of those costs, as well as the disposition of the units produced by the department. The other options listed are not applicable in this context - the schedule of Cost of Goods Manufactured and the schedule of Cost of Goods Sold are both financial statements, while a job order cost sheet is used in job costing, where costs are traced to specific jobs rather than departments.

A Form Prepared Periodically for Each Processing Department Summarizing (1)the