In a Job-Order Costing System, the Journal Entry to Record

question 90

Multiple Choice

In a job-order costing system, the journal entry to record the application of overhead cost to jobs would include:

• A)a credit to the Work in Process inventory account.
• B)a debit to Cost of Goods Sold.
• C)a credit to the Manufacturing Overhead account.
• D)a debit to the Manufacturing Overhead account.

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Definitions:

Seniority

The concept of preferring individuals for certain privileges, positions, or responsibilities based on their length of service or experience in a particular organization or profession.

Collectivism

A cultural or social perspective that emphasizes the priority of group needs over individual desires.

Individualism

A social theory favoring freedom of action for individuals over collective or state control.

Uncertainty Avoidance

A cultural dimension that describes how comfortable a society is with ambiguity and uncertainty.