17. Equivalent production units are generally determined for a direct materials and conversion costs b. direct materials only c. conversion costs only d. direct materials and direct labor costs only 18. Which of the following is not included in conversion cos? Girect labor b.factory overhead indirect labor d. direct materials 19. A form prepared periodically for each processing department summarizing the units for which accountable and the units to be assigned costs and the costs charged to the department and the these costs is termoda 1. factory overhead production report b. manufacturing cost report C. process cost report d. cost of production report 20. The four steps necessary to complete a cost of production report in a process cost system are 1. allocate costs to transferred and partially completed units 2 determine the units to be assigned costs 3 determine the cost per equivalen mit 4. calculate equivalent units of production The correct andering of the stepsis 1.2.4.3.1 5.4.2.3,1 4.2.1.41 4.2.3,1,4 21. Process andjob anfer cost systems we similar in all of the following ways except both accumulate product costs-Girect materials, direct labor, and factory overhead b. both allocato product cost to units produced c. both maintain perpetual inventories d. both usejob order cost cards