A Report Prepared by a Processing Department for Equivalent Units

question 63

Multiple Choice

A report prepared by a processing department for equivalent units of production, production costs, and the assignment of those costs to the completed and in process units is called a(n) :

• A)organizational report.
• B)sales revenue report.
• C)job costing report.
• D)production cost report.

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Definitions:

Real Property

An area of law that deals with land and anything permanently affixed to the land, like buildings, which has stark distinctions from personal property.

Personal Property

Personal property is a category of property that includes movable items and possessions, as opposed to real property such as land or buildings.

Fixture

A thing that was originally personal property and that has been actually or constructively affixed to the soil itself or to some structure legally a part of the land.

Abandoned Property

Property that is left by its owner who has no intention of returning or claiming ownership.