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lpn27 lpn27
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A year ago
Identify which costing method is described in the statements below by marking an "X" in the appropriate column (some items may apply to both).

​ProcessJob-Order
Accumulates cost by department​​
Manufacturing costs include direct material, direct labor, and manufacturing overhead​​
Many different products produced, each with different materials, labor, and/or manufacturing overhead requirements​​
Key document is job cost sheet​​
Accumulates cost by job​​
Cost flows from Raw Materials to Work in Process to Finished Goods to Cost of Goods Sold​​
Requires calculation of equivalent units​​
Key document is department production report​​
Identical products produced over a long period, often in a continuous production process​​
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Managerial Accounting

Managerial Accounting


Edition: 4th
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slmseuf1105slmseuf1105
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