Raw materials inventory is credited for which of the following when recording the use of direct materials in the production process?
A) Standard quantity of direct materials used for actual production times actual cost per pound
B) Standard quantity of direct materials used for actual production times standard cost per pound
C) Actual quantity of direct materials put into production times actual cost per pound
D) Actual quantity of direct materials put into production times standard cost per pound
Correct Answer:
Verified
Q202: Work in process inventory is debited for
Q203: A standard cost income statement shows cost
Q204: Shamrock Manufacturing budgeted fixed overhead costs of
Q205: Channel One Industries uses a standard costing
Q207: If a company recognizes variances at the
Q208: Schenley Manufacturing builds playground equipment that it
Q209: The Perry Corporation recorded the following budgeted
Q215: Network Enterprises incurred actual fixed manufacturing overhead
Q229: A credit balance means that a variance
Q232: A debit balance in the direct materials
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents