Monday, 29 October 2012

Discuss the various parts of cost of production report?




 The various parts of a cost of production report are:

  • Cost transferred from a predate department.
  • Materials, labor and FOH added by a department.
  • Unit cost added by a department.
  • Unit and total costs accumulated to the end of work in a department.
  • The cost of starting and ending work in process inventories.
  • Cost transferred to the next department or to finished goods.

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