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A Plastic Drawsheet Must Never Touch the

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A plastic drawsheet must never touch the

Understand the flow of costs in a process costing system and how it compares to job order costing.
Acknowledge the use of work in process accounts for each production department or process.
Distinguish between the types of products and industries that use process cost systems versus those that use job order cost systems.
Understand how equivalent units of production aid in the measurement of work done during a period.

Definitions:

Unlimited Consumption

The action of consuming something without limits or restrictions.

Primary Source

A document or physical object which was created during the time under study.

Full-Fat Dairy

Dairy products made from milk with its natural fat content, as opposed to being skimmed or partially skimmed.

Nutrient-Dense Foods

Foods that have a high amount of nutrients but relatively few calories, emphasizing the quality of the nutrients they contain.

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