Using Normal Costing, Which Costs Never Enter the Work-In-Process Account

question 140

Multiple Choice

Using normal costing, which costs never enter the work-in-process account?

• A) applied overhead
• B) actual overhead
• C) direct materials
• D) direct labor
• E) None of these.

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Definitions:

Assumption of Risk

A legal principle where an individual voluntarily proceeds with a risky activity, fully understanding the potential dangers involved.

Customary Risks

Hazards or dangers that are commonly associated with a particular job or industry, often considered as part of the working environment.

High-involvement Work Practice

Business strategies which empower employees by involving them in decision-making processes and ensuring they have the necessary skills and information to effectively contribute to the company's success.

Daily Hassle

Minor everyday problems or annoyances that, while not severe, can add up to significant stress over time.