Which One of the Following Journal Entries in a Standard

question 77

Multiple Choice

Which one of the following journal entries in a standard cost system would be used to apply standard factory overhead costs to production?

• A) A debit to the factory overhead account, at standard cost.
• B) A credit to the factory overhead account, at standard cost.
• C) A debit to WIP inventory, at actual cost.
• D) A credit to Finished Goods Inventory, at standard cost.
• E) A credit to WIP inventory, at standard cost.

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Definitions:

Sorted

A term describing particles that have been separated based on size, typically by natural processes like water or wind.

Till

Unsorted glacial debris deposited directly by melting ice, including a range of sediment sizes from clay to boulders.

Downdropped

Referring to a section of the Earth's crust that has moved downward in relation to adjacent sections, often due to faulting.

Uplifted

Uplifted refers to regions of the Earth's crust that have been raised due to tectonic activities, such as earthquakes or mountain-building processes, altering the landscape and geology.