In a standard cost system,Work in Process Inventory is ordinarily debited with
A)actual costs of material and labor and a predetermined overhead cost for overhead.
B)standard costs based on the level of input activity (such as direct labor hours worked).
C)standard costs based on production output.
D)actual costs of material,labor,and overhead.

Question

Quizplus · Accepted Answer

In a standard cost system, Work in Process Inventory is debited with standard costs based on production output, reflecting the expected costs rather than actual costs.

In a Standard Cost System,Work in Process Inventory Is Ordinarily