Biology Forums - Study Force

When using a standard costing system, which of the following statements is true?

▸ The recorded cost of a unit in inventory differs in the amount of direct materials and direct labor, but not for overhead, regardless if the unit cost is recorded today or next week.

▸ The recorded cost of a unit recorded in inventory last week will differ from the recorded cost of a unit recorded in inventory today.

▸ There is never any question about the recorded cost of a unit in inventory; it is always at the standard cost.

▸ There is always a question about the recorded cost of a unit in inventory; the standard cost differs with each purchase.

Content hidden