Which of the Following Is Not a Step of the 5-Step

question 44

Multiple Choice

Which of the following is not a step of the 5-step process costing procedure?

• A)Compute output in terms of equivalent units
• B)Summarize total costs to account for
• C)Summarize the flow of physical units
• D)Compute total manufacturing overhead estimated

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Definitions:

Fundamental Attribution Error

Overestimates internal factors and underestimates external factors as influences on someone’s behavior.

Situational Factors

External conditions or events that influence an individual's behavior or outcomes, often beyond their control.

Personal Factors

Characteristics inherent to an individual that influence behavior and performance, such as personality traits, values, and abilities.

Operant Conditioning

Is the control of behavior by manipulating its consequences.