Wilson Manufacturing Uses a Standard Costing System

question 14

Multiple Choice

Wilson Manufacturing uses a standard costing system. When Wilson sells its inventory units, by how much is the Finished Goods Inventory account reduced?

• A) The actual cost of the units sold plus the total of the unfavorable variances
• B) The standard cost of the units sold
• C) The actual direct materials, direct labor, and standard manufacturing overhead
• D) The actual cost of the units sold

---

Definitions:

Lie

An intentionally false statement made with the purpose of deceiving or misleading others.

Declining Significance

A concept that suggests the importance or influence of a particular factor, phenomenon, or entity is diminishing over time.

William Julius Wilson

A prominent American sociologist known for his research and theories on race, class, and inequality within the United States.

Ecological Theory

A framework that explores how individuals interact with their environments, focusing on how these interactions influence development and behavior.