The Entry to Record the Purchase of Materials on Account

question 35

Multiple Choice

The entry to record the purchase of materials on account using a job order costing system would include a:

• A)debit to Accounts payable.
• B)debit to Materials inventory.
• C)credit to Materials inventory.
• D)debit to Work in process inventory.

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Definitions:

Second-Level Outcomes

Refers to the indirect or long-term results of an action or decision, beyond the immediate or primary effects.

Expectancy Model

A psychological theory that explains motivation as a function of individuals' expectations about their ability to perform tasks, the expected outcomes of these tasks, and the value they place on these outcomes.

Valence

refers to the intrinsic attractiveness or aversiveness of an event, object, or situation.

Task Identity

The degree to which a job involves completing a whole, identifiable piece of work from start to finish.