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Please check my work. Production report is a report that summarizes the manufacturing activity for a department during a period and discloses physical flow, equivalent
Please check my work.
Production report is a report that summarizes the manufacturing activity for a department during a period and discloses physical flow, equivalent units, total costs to account for, unit cost computation, and costs assigned to goods transferred out and to units in ending work in process. A) True B) False: Production report is a report that summarizes only the manufacturing activity for a department during a period; however, it makes no discloses. C) False: Production report is a report that does not summarizes the manufacturing activity for a department during a period; however, it discloses physical flow, equivalent units, total costs to account for, unit cost computation, and costs assigned to goods transferred out and to units in ending work in process. D) False: Production report is a report that only summarizes equivalent units. Normal spoilage requires that the additional cost of any rework always be charged to Overhead Control. If the spoilage is abnormal, any additional cost is assigned to Selling and Administrative Expense. A) Tue B) False: Normal spoilage requires that the additional cost of any rework be charged to Overhead Control unless it was due to requirements of the job itself, then it is added to that job's cost. C) False: If the spoilage is abnormal, any additional cost is assigned to Loss from Abnormal Spoilage. D) both B and C E) none of the above
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