Ingredient B4376 Is Used to Make Razor Corporation's Major Product

question 121

Multiple Choice

Ingredient B4376 is used to make Razor Corporation's major product. The standard cost of Ingredient B4376 is $24.50 per ounce and the standard quantity is 6.1 ounces per unit of output. In the most recent month, 5,030 ounces of the compound were used to make 700 units of the output. When recording the use of materials in production under a standard costing system, Materials Inventory would be:

• A) credited for $123,235.
• B) debited for $123,235.
• C) debited for $104,615.
• D) credited for $104,615.

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Definitions:

Free Soil Party

A short-lived political party in the United States (1848–1854) focused on opposing the expansion of slavery into the Western territories, advocating for "free soil, free speech, free labor, and free men."

Homesteads

Land and the dwelling (or dwellings) on that land where a family makes its home, historically associated with government grants to settlers for farming in the American West.

Economic Independence

The state of having sufficient personal wealth to live, without having to work actively for basic necessities, allowing an individual financial freedom.

Antislavery Sentiment

The attitude, movement, or ideology opposing slavery, advocating for its abolition, and supporting freedom for enslaved people.