Which of the Following Sentences Is Not True

question 112

Multiple Choice

Which of the following sentences is not true?

• A) Actual overhead costs always enter the Work-in-Process account.
• B) The cost of a job includes direct materials, direct labor, and applied overhead.
• C) When a job is complete, it must leave Work-in-Process and be entered into Finished Goods or Cost of Goods Sold.
• D) All of these are correct.
• E) None of these are correct.

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Definitions:

Strict Criteria

Rigorous and precise standards or conditions that must be met or followed in the execution of a task or study.

Accurate Inferences

The process of drawing reliable conclusions from data and evidence with a high degree of precision.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between specific populations, or parameters, in the context of hypothesis testing.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.