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Title: When using a standard costing system, which of the following should be recorded when direct ... Post by: mlee52381 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. Title: When using a standard costing system, which of the following should be recorded when direct ... Post by: dressagegal1 on Feb 5, 2023 Content hidden
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