3799989
Descrição
FlashCards por lilianrewerts, atualizado more than 1 year ago
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Criado por lilianrewerts
aproximadamente 9 anos atrás
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| Questão | Responda |
| Continuous Loss | any reduction in units that occurs uniformly throughout a production process |
| Cost of Production Report | a process costing document that details all operating and cost information shows the computation of cost per equivalent unit and indicates cost assignment to goods produced during the period |
| Discrete Loss | a reduction in units that occurs at a specific point in a production process |
| Equivalent Units of Production (EUP) | an approximation of the number of whole units of output that could have been produced during a period from the actual effort expended during that period; used in process costing systems to assign costs to production |
| First- in, First- out Method (FIFO) | (of process costing) the method of cost assignment that computes an average cost per equivalent unit of production for the current period; does not commingle the beginning inventory production and its cost with current period production and its cost |
| Hybrid Costing System | a costing system combining characteristics of both job order and process costing systems |
| Method of Neglect | the treatment of spoiled units in an equivalent units of production schedule as if those units did not occur; is used for continuous normal spoilage |
| Total Cost to Account for | the sum of the costs in beginning inventory and the costs of the current period |
| Total Units to Account for | The sum of the beginning inventory units and units stared during the current period |
| Transferred- in cost | a prior department cost that is carried forward to a successor department to obtain full manufacturing or performance cost |
| Units Started and Completed | The difference between the number of units completed for the period and the units in beginning inventory; can also be computed as the number of units started during the period minus the units in ending inventory |
| Weighted Average Method (WA) | ( of process costing) the method of cost assignment that computes an average cost per Equivalent unit of production for all units completed during the current period; combines beginning inventory units and costs with current production and costs, respectively, to compute the average |
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