In the Production Cost Report the Total

question 128

Multiple Choice

In the production cost report the total

• A) physical units accounted for equals the costs accounted for.
• B) physical units accounted for equals the units to be accounted for.
• C) costs charged equals the units to be accounted for.
• D) costs accounted for equals the costs of the units started into production.

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Definitions:

Nonspendable

Funds not available for spending because they are legally or contractually required to remain intact.

Committed

In finance, "committed" refers to a pledge or firm agreement to execute a financial transaction or investment.

Assigned

Allocated or designated to a particular task, position, or purpose.

Unassigned

Refers to funds, resources, or tasks not specifically allocated or designated for a particular purpose or to a particular entity.