To which ledger account are the standard costs of direct material, direct labour and manufacturing overhead charged?
A) Not used at all.
B) Used for variances only.
C) Entered into work in process inventory.
D) Entered into a standard control account.

Question

Quizplus · Accepted Answer

Standard costs of direct material, direct labor, and manufacturing overhead are charged to the work in process inventory account as they are incurred in the production process. This helps in tracking the costs associated with the production of goods.

To Which Ledger Account Are the Standard Costs of Direct