Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Melly767 Melly767
wrote...
Go to Answer
Posts: 153
Rep: 0 0
A year ago
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.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 60 times
1 Reply
Replies
Answer verified by a subject expert
AdieMichelleAdieMichelle
wrote...
#1
Posts: 126
Rep: 2 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Melly767 Author
wrote...

A year ago
Thanks
SlimyPencil
wrote...

Yesterday
You make an excellent tutor!
hmonier
wrote...

2 hours ago
This site is awesome
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1167 People Browsing
 105 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 188
  
 582
  
 125
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: Does a gender wage gap exist in America?