Asked by Daynellie Kendall on Jul 06, 2024
Verified
In the department's cost reconciliation report for February, the costs added to production in the department would be:
A) $243,000
B) $255,000
C) $225,000
D) $231,000
Cost Reconciliation Report
A detailed report that reconciles and explains the differences between the expected costs and the actual costs incurred.
Costs Added
Additional expenses incurred during a manufacturing or production process or in the course of undertaking a project.
Production
The process of creating goods or services by combining labor, materials, and machinery to meet consumer demand or business requirements.
- Develop proficiency in reading and interpreting process costing data.
Verified Answer
$24,000 + Costs added to production during the month = $249,000 + $18,000
Costs added to production during the month = $249,000 + $18,000 - $24,000 = $243,000
Learning Objectives
- Develop proficiency in reading and interpreting process costing data.
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