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Which first step in preparing the cost production report is

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Reference no: EM132771704

Problem 1: A cost pool is

a. All costs that have the same driver.

b. All of the costs of a particular department.

c. All costs related to a product or product line.

d. All costs in a group such as variable costs or discretionary fixed costs.

Problem 2: The first step in preparing the cost production report is to:

a. Account for the number of physical units

b. Calculate the cost per equivalent unit

c. Assign costs to the items completed and items in ending work in process inventory

d. Account for the amount of product cost

Reference no: EM132771704

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