Which of the Following Would Be Included in the Journal

question 101

Multiple Choice

Which of the following would be included in the journal entry to record the requisition of direct materials?

• A) Debit to Cost of goods sold
• B) Debit to Work in process inventory
• C) Debit to Finished goods inventory
• D) Debit to Materials inventory

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Definitions:

Revenue And Spending Variance

Revenue and spending variance involves the difference between actual and projected figures for revenue and expenditures, indicating the performance against the budget.

Tenant-Days

A measure used in property management and hospitality to calculate the total number of days for which a property is occupied by tenants.

Facility Expenses

Costs associated with the physical locations where business operations occur, including rent, utilities, and maintenance of buildings and equipment.

Press Runs

The total number of copies produced in one operation or batch on a printing press.