T-Account Entries Posted in Process-Costing Systems

question 69

Multiple Choice

T-account entries posted in process-costing systems:

• A)are different compared to the T-account entries made in job-costing systems for direct materials and conversion costs.
• B)in job-costing have one work-in-process account for each process.
• C)are similar to the T-account entries made in job-costing systems for direct materials and conversion costs.
• D)are never used to record purchase of direct materials used in production.
• E)are never used by managerial accountants in process-costing systems.

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Definitions:

Gender Prejudice

Preconceived opinions or judgments about individuals based on their gender, often leading to discrimination or inequality.

Racial Prejudice

Preconceived judgment or opinion about individuals based solely on their race, often manifesting as discrimination or hostility directed at people due to their racial or ethnic membership.

Last Half-Century

Refers to the most recent fifty-year period leading up to the present moment.

Implicit Associations

Unconscious connections or attitudes towards people, groups, or concepts that can influence behavior and perception.