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:

Consensus Crimes

Are illegal acts that nearly all people agree are bad in themselves and harm society greatly. The state inflicts severe punishment for consensus crimes.

Cultural Norm

A rule or standard shared by members of a society that dictates acceptable behavior in various situations.

Deviants

Individuals or behaviors that deviate from the accepted norms or standards of a society, which can result in social stigmatization or sanctions.

Social Deviance

Behaviors or actions that violate the societal norms or expectations, leading to disapproval, sanction, or ostracism from the larger society.