In a Job Order Cost Accounting System the Raw Materials

question 29

Multiple Choice

In a job order cost accounting system the Raw Materials Inventory account is

• A) an expense.
• B) a control account.
• C) not used.
• D) a period cost.

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Definitions:

Organizing

Involves the systematic allocation of tasks, resources, and responsibilities within an organization to ensure smooth operation and achievement of objectives.

Environmentally Friendly

Practices, products, or methods designed to minimize harm to the environment.

OSHA Standards

Regulations and guidelines issued by the Occupational Safety and Health Administration to ensure safe and healthful working conditions.

Energy

The capacity to do work, manifested in various forms such as heat, light, motion, electrical, chemical, and potential energies.