Multiple Choice
Match each phrase that follows with the term (a-h) it describes.
-Conversion costs
A) Direct labor and factory overhead
B) Direct labor and direct materials
C) Transferred-in costs
D) Equivalent units
E) Process costing
F) Job order costing
G) First-in, first-out method
H) Cost of production report
Correct Answer:

Verified
Correct Answer:
Verified
Q57: The journal entry to record the flow
Q58: Both process and job order cost systems
Q59: Match each business that follows to the
Q60: Determine the equivalent units of production used
Q61: Match each phrase that follows with the
Q63: Job order manufacturing and process manufacturing are
Q64: Use this information about Penny, Inc. to
Q65: In a process cost system, the amount
Q66: Equivalent units of production are always the
Q67: Mountain Springs Water Company has two departments,