The production cost report summarizes the activities that have taken place in a department or process over a period of time. Identify the major types of information found on a production cost report and indicate who in the business organization uses this type of information and for what purpose the information is used.

The types of information found in a production cost report are units to be accounted for and units accounted for unit costs and costs to be accounted for and costs accounted for. Production cost reports provide a basis for evaluating the productivity of a department and so are used by production managers. In addition the cost data can be used by middle management to assess whether unit costs and total costs are reasonable. When the quantity and cost data are compared with predetermined goals top management can also ascertain whether current performance is meeting planned objectives. Of course the information in the report is also used for recordkeeping and income determination by the accounting department.