This topic contains a solution. Click here to go to the answer

Author Question: When using a standard costing system, which of the following statements is true? (Read 395 times)

campbellfam07

  • Full Member
  • ***
  • Posts: 132
When using a standard costing system, which of the following statements is true?
◦ The recorded cost of a unit in inventory differs in the amount of direct materials and direct labor, but not for overhead, regardless if the unit cost is recorded today or next week.
◦ The recorded cost of a unit recorded in inventory last week will differ from the recorded cost of a unit recorded in inventory today.
◦ There is never any question about the recorded cost of a unit in inventory; it is always at the standard cost.
◦ There is always a question about the recorded cost of a unit in inventory; the standard cost differs with each purchase.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by campbellfam07 on Feb 5, 2023

H.cope00

  • Full Member
  • ***
  • Posts: 172
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.
Answer Preview
Only 39% of students answer this correctly




campbellfam07

  • Member
  • Posts: 132
Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review


apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

For a complete list of videos, visit our video library