The Workplace of the Future Will Include an Awareness of the Importance

question 10

True/False

The workplace of the future will include an awareness of the importance of participation by everyone involved.

---

Definitions:

Process Cost System

An accounting system used to track and assign costs to units of product in continuous, homogenous production processes.

Manufacturing Cost Elements

The elements of production expenses, usually consisting of direct materials, direct labor, and overhead costs related to manufacturing.

Production Cost Report

A detailed account summarizing the total cost involved in producing a product or completing a production process in a specific period.

Job Cost Sheet

A form used to record the costs chargeable to a specific job and to determine the total and unit costs of the completed job.