The Four Steps Necessary to Complete a Cost of Production

question 5

Multiple Choice

The four steps necessary to complete a cost of production report in a process cost system are
1) allocate costs to transferred and partially completed units
2) determine the units to be assigned costs
3) determine the cost per equivalent unit
4) calculate equivalent units of production
The correct ordering of the steps is:

• A) 2, 4, 3, 1
• B) 4, 2, 3, 1
• C) 2, 3, 4, 1
• D) 2, 3, 1, 4

---

Definitions:

Extrinsically Motivated

Being driven to perform or engage in an activity because of external rewards or pressures rather than for the sake of the activity itself.

Academic Motivations

The internal or external drives that encourage students to pursue and achieve their educational goals.

Study

The act of devoting time and attention to acquiring knowledge on an academic subject, especially by means of books.

Positive Attitude

An optimistic and hopeful outlook towards situations, challenges, and life in general, often linked to better outcomes and success.