Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Match the following terms to their definitions.
(Abbreviation used: EUP-equivalent units
of production.)
1. Direct labor plus
manufacturing overhead
2. Prepared by department
for EUP, production costs,
and assignment of costs
3. Equivalent units of
production
4. Process costing system
5. Transferred in costs
6. Weighted-average
method
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Transcribed Image Text:Match the following terms to their definitions. (Abbreviation used: EUP-equivalent units of production.) 1. Direct labor plus manufacturing overhead 2. Prepared by department for EUP, production costs, and assignment of costs 3. Equivalent units of production 4. Process costing system 5. Transferred in costs 6. Weighted-average method
a. Expresses partially completed units in terms of fully c
b. Used by companies that manufacture homogenous pr
c. Previous costs brought into later process
d. Conversion costs
e. Combines prior period costs with current period costs
f. Production cost report
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Transcribed Image Text:a. Expresses partially completed units in terms of fully c b. Used by companies that manufacture homogenous pr c. Previous costs brought into later process d. Conversion costs e. Combines prior period costs with current period costs f. Production cost report
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