Which of the Following Is NOT One of the Procedures

question 137

Multiple Choice

Which of the following is NOT one of the procedures in process costing?

• A)summarize the flow of physical units of output
• B)assign costs to equivalent units based on their percentage of completion
• C)compute equivalent unit costs
• D)summarize total costs to account for
• E)assign costs to completed units

---

Definitions:

Total Controllable

Relates to the expenses or costs over which a manager or business has direct control.

Volume Overhead Variances

The differences between the expected fixed overhead costs and the actual fixed overhead allocated, based on the volume of production.

Optimum Standards

Ideal benchmarks set for performance, quality, or efficiency that are considered best under the given conditions.

Attainable Standards

Realistic targets for costs or productivity set by management, which are challenging yet achievable under normal working conditions.