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Author Question: When using a standard costing system, which of the following should be recorded when direct ... (Read 508 times)

xsk4r3kr0w

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on: Feb 5, 2023
When using a standard costing system, which of the following should be recorded when direct materials are transferred to the production floor?
◦ Debit Raw Materials Inventory for the standard amount at the standard price, and credit Work in Process Inventory for the actual amount at the actual price, with a debit or credit to Direct Material Quantity Variance.
◦ Debit Raw Materials Inventory for the actual amount at the standard price and credit Work in Process Inventory for the actual amount at the standard price.
◦ Credit Raw Materials Inventory for the standard amount at the standard price and debit Work in Process Inventory for the standard amount at the actual price with a debit or credit to Direct Material Quantity Variance.
◦ Credit Raw Materials Inventory for the actual amount at the standard price and debit Work in Process Inventory for the standard amount at the standard price with a debit or credit to Direct Material Quantity Variance.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by xsk4r3kr0w on Feb 5, 2023

kugyo01

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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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xsk4r3kr0w

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Reply 2 on: Feb 5, 2023
Excellent

smrtceo

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Reply 3 on: Yesterday
Wow, this really help

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