Production reports are used in process costing environments to track and accumulate information on total units, equivalent units, and costs by departments rather than by individual products. How could the production reports in process costing also be used for controlling or improving operations?
Embed course material concepts, principles, and theories (requires supporting citations) along with at least one scholarly, peer-reviewed reference in supporting your answer. Keep in mind that these scholarly references can be found in the Saudi Electronic Library by conducting an advanced search specific to scholarly references.
You are required to reply to at least two peer discussion question post answers to this weekly discussion question and/or your instructor’s response to your posting. These post replies need to be substantial and constructive in nature. They should add to the content of the post and evaluate/analyze that post answer. Normal course dialogue doesn’t fulfill these two peer replies but is expected throughout the course. Answering all course questions is also required.
- Chapter 3 in Managerial Accounting
- Schwartz, J. (2019). Solid information helps address controllable costs. World Oil, 240(1), 25.
- Vercio, A. (2018). Process costing: The most important subject in the management accountant’s curriculum. Journal of Corporate Accounting & Finance (Wiley), 29(2), 141–150. https://doi.org/10.1002/jcaf.22334