Asked by Shani Patel on May 04, 2024
Verified
In a production cost report which one of the following sections is not shown under Costs?
A) Unit costs.
B) Costs to be accounted for.
C) Costs during the period.
D) Units accounted for.
Unit Costs
The cost incurred to produce, store, or purchase one unit of a product or service.
Costs Accounted For
The total costs recorded in the accounting system, including both direct and indirect costs, for a specific period or project.
- Distinguish between different sections of costs in a production cost report.
Verified Answer
DP
Diana PetreaMay 09, 2024
Final Answer :
D
Explanation :
"Units accounted for" is not a section shown under Costs in a production cost report. Instead, it relates to the quantity of units being tracked through the production process, not the costs associated with them.
Learning Objectives
- Distinguish between different sections of costs in a production cost report.