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Author Question: When using a standard costing system, which of the following is recorded for the liability accrual ... (Read 46 times)

Scollins7

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on: Feb 5, 2023
When using a standard costing system, which of the following is recorded for the liability accrual and the impact on Work in Process Inventory as a product is being made?
◦ Credit Wages Payable for the actual hours at the actual rate, and debit Work in Process Inventory for the standard hours at the standard rate.
◦ Debit Wages Payable for the actual hours of labor at the standard rate, and credit Work in Process Inventory for the actual hours worked at the standard rate.
◦ Credit Wages Payable for the standard hours at the standard rate, and debit Work in Process Inventory for the standard hours at the actual rate.
◦ Debit Wages Payable for the standard hours at the standard rate, and credit Work in Process Inventory for the actual hours at the actual rate.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by Scollins7 on Feb 5, 2023

ad2018

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Scollins7

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

mjenn52

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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