This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When using a standard costing system, which of the following is recorded for the liability accrual ... (Read 358 times)

Scollins7

  • Full Member
  • ***
  • Posts: 142
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Scollins7 on Feb 5, 2023

ad2018

  • Full Member
  • ***
  • Posts: 189
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.
Answer Preview
Only 39% of students answer this correctly


Scollins7

  • Member
  • Posts: 142
Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

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

« previous next »
 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

An example of a homeostatic control system. An example of a homeostatic control system.
Tooth Numbering System Tooth Numbering System
During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage, During the Pullman strike in Chicago, workers protesting wage cuts did $340,000 in property damage,
Three standard sizes of cuffs: a small cuff for a child or frail adult; a normal-sized adult cuff; ... Three standard sizes of cuffs: a small cuff for a child or frail adult; a normal-sized adult cuff; ...
The limbic system is located within the higher brain, or cerebrum. The limbic system is located within the higher brain, or cerebrum.
The Conduction System The Conduction System
Video: Mitochondrial Structure & ETC Protein Complexes (Protein Complexes and Electron Transport)

For a complete list of videos, visit our video library