Select the best answer 1. Which of the following characteristics applies to process costing? a. Differentiated products are provided on a special order basis. b. Cost are accumulated by department. c. Cost are accumulated by jobs. d. Direct labor workers must keep detailed records as to the jobs on which they worked. 2. All of the following could be included in the cost of a product located in the final production department of a multi-step process except: a. The costs of materials, labor and overhead identifiable with that department. b. Marketing and distribution costs. c. The costs of service departments that have been allocated to production departments. d. The costs of prior production departments. 3. Daniel LLC incurred cost of $43,000 for material, $26,000 for labor, and $23,000 for factory overhead. There no beginning or ending work in process. 5,000 units were completed and transferred out. The unit cost labor is: a. $ 8.60 b. S 5.20 c. $ 18.40 d. $ 4.60 4. Daniel LLC incurred cost of $43,000 for material, $26,000 for labor, and $23,000 for factory overhead. There no beginning or ending work in process. 5,000 units were completed and transferred out. The cost per u is: IS: a. S 8.60 b. S 5.20 c. $ 18.40 d. $ 4.60 . The number of whole units that could have been completed during a period, using the production costs incurred during that period is called: a. Standard production. b. Equivalent production. c. Total units. d. Manufactured units. All of the following are characteristics of a production report except: a. It includes the number of units completed during the period. b. It includes the costs incurred by the department during the period. c. It includes the number of units in ending work-in-process and the estimated stage of completion. d. The department manager completes the report on a monthly basis. The cost of an equivalent unit is equal to