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Author Question: When using a standard costing system, which of the following should be recorded when recording the ... (Read 481 times)

ninaj

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on: Feb 5, 2023
When using a standard costing system, which of the following should be recorded when recording the purchase of direct materials?
◦ Credit Raw Materials Inventory at the standard price and debit Accounts Payable at the actual price with a debit or credit to Direct Materials Price Variance.
◦ Debit Raw Materials Inventory at the standard price and credit Accounts Payable at the actual price with a debit or credit to Direct Materials Price Variance.
◦ Debit Raw Materials Inventory at the standard price and credit Accounts Payable at the standard price.
◦ Credit Raw Materials Inventory at the standard price and debit Accounts Payable at the standard price.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by ninaj on Feb 5, 2023

Jim457

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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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ninaj

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

ryhom

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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