When Using a Standard Costing System,which of the Following Statements

question 35

Multiple Choice

When using a standard costing system,which of the following statements is true?

• A)There is never any question about the recorded cost of a unit in inventory; it is always at the standard cost.
• B)There is always a question about the recorded cost of a unit in inventory; the standard cost differs with each purchase.
• C)A unit recorded in inventory last week and one recorded in inventory today will not have the same recorded cost.
• D)None of these ans choices are true.

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Definitions:

Rehabilitation Act

United States legislation aimed at protecting individuals with disabilities from discrimination in programs receiving federal financial assistance, enacted in 1973.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, sex, or disability, leading to inequality and social tension.

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The national government of a federation, responsible for enacting and enforcing laws applicable throughout the entire country.