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10 Cards in this Set
- Front
- Back
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operational process system
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characterized by a large number of homogenous products passing though a series of processes
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process
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a series of activities that are linked to perform a specific objective
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tranferred-in cost
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a cost transferred from a prior process to a subsequent process. type of direct materials cost
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1. unit information section
2. cost information section |
2 sections of a production report
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cost of the period / output of the period
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unit cost of a service
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costs of the period / output of the period
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period's unit cost
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equivalent units of output
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the complete units that could have been produced given the total amount of productive effort expended for the period under consideration
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batch production processes
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produce batches of different products which are identical in many ways but differ in others
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operation costing
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a blend of job-order and process-costing procedures applied to batches of homogeneous products
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work orders
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used to collect production costs for each batch and to initiate production
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