which of the following is not one of the four steps in accounting for production activity and assigning…

which of the following is not one of the four steps in accounting for production activity and assigning costs during a period under a process cost system? assign and reconcile costs. compute the cost per equivalent unit of production. compute the equivalent units of production. determine the physical flow of units. determine over - or underapplied overhead. multiple choice

which of the following is not one of the four steps in accounting for production activity and assigning costs during a period under a process cost system? assign and reconcile costs. compute the cost per equivalent unit of production. compute the equivalent units of production. determine the physical flow of units. determine over - or underapplied overhead. multiple choice

Answer

Brief Explanations:

The four - step process in accounting for production activity and assigning costs in a process cost system typically includes determining the physical flow of units, computing the equivalent units of production, computing the cost per equivalent unit of production, and assigning and reconciling costs. Determining over - or underapplied overhead is not part of these four main steps.

Answer:

Determine over or underapplied overhead.