Under a Job Costing System the Raw Materials Ledger Account

question 153

Multiple Choice

Under a job costing system the raw materials ledger account is what type of account?

• A) asset
• B) liability
• C) revenue
• D) expense

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Definitions:

Incentive

A thing that motivates or encourages someone to do something, often used in contexts of economics, psychology, and behavior management.

Hunger

The physiological need for food accompanied by the sensation of wanting to eat.

Yerkes-Dodson Law

A hypothesis that proposes there's a peak arousal level for optimal performance, indicating that performance can be adversely affected by either too low or too high levels of arousal.

Physiological Arousal

A state of heightened physical and psychological activity, including increased heart rate, alertness, and readiness for action.