1. Which of the following statements referring to a production report is not correct?

(A) the total "Costs to be accounted for" must equal to the total cost of the units completed and transferred out, plus the cost of the ending work in process inventory.

(B) the total of the "Units to be accounted for" will equal the total of the "Units accounted for"

(C) the quantity schedule deals with physical units, not whole units.

(d) the equivalent units in the ending work-in-process inventory will be different if the weighted average method is used than it will be if the FIFO method is used.

2. What are committed fixed costs?

(A) they are made up of plant, equipment, and basic organizational costs.

(B) they can be reduce in the short run with minimal damage to the long rum organizational objectives.

(C) they have long-term planning horizon, generally encompassing several years.

(D) they vary directly and proportionately with the level of activity.