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The process cost report summary summarizes: ___________

a. Physical flow of units.
b. Equivalent units of production.
c. Individual department's costs.
d. Costs per equivalent unit of production.
e. Expenses incurred during the period.
f. Assignment of total costs to units worked on in the period.

Respuesta :

It should be noted that the project cost summary simply has to do with the summary of:

  • Individual department's costs.
  • Costs per equivalent unit of production.
  • Expenses incurred during the period.

What is a project cost summary?

A project cost summary simply has to do with the production report which is vital as it shows the expenses of a department, units produced, and the costs that are allocated to the production units.

A project cost summary is a report which summaries all of the production activities of a department or process. It has to do with the departments cost and the expenses that are incurred for the period.

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