Question:
1. Put the four steps in accounting for production activities in the order in which they would occur.
a. Assign and reconcile costs
b. Compute the cost per equivalent unit
c. Compute equivalent units of production
d. Determine physical flow of units
2. Anheuser-Busch InBev is attempting to reduce its water usage. How could a company manager use a process cost summary to determine if the program to reduce water usage is successful?