Session:5 Process Costing
Problem Set B
Principles of Accounting, Volume 2: Managerial Accounting | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-managerial-accounting
TP 1.
LO 5.1How would process costing exist in a service industry?
TP 2.
LO 5.2Why are labor and manufacturing overhead grouped together as conversion costs?
TP 3.
LO 5.4How is process costing for a single manufacturing department different from a manufacturing company with multiple departments?
TP 4.
LO 5.5What is different between the journal entries for process costing and that of job order costing?