Given the Following Cost Data, What Type of Cost Is

question 67

Multiple Choice

Given the following cost data, what type of cost is shown?​​ ​

• A) mixed cost
• B) variable cost
• C) fixed cost
• D) period cost

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Definitions:

Production Cost Reports

Documents detailing the total cost and production information for units of product during a specific period within a manufacturing department.

Equivalent Units

A concept used in cost accounting to represent the amount of work done on incomplete units, expressed in terms of fully completed units.

Work In Process

Items in a manufacturing process that are not yet finished products, including raw materials, labor in progress, and overhead costs.

Work In Process Account

An account that tracks the costs associated with partially completed goods in manufacturing processes.