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

question 16

Multiple Choice

When using a standard costing system,which of the following should be recorded for labor as a product is being made?

• A)Debit wages payable for the actual hours of labor at the standard rate and credit work in process for the actual hours worked at the standard rate
• B)Debit payable wages for the standard hours at the standard rate and credit work in process for the actual hours at the actual rate
• C)Credit wages payable for the standard hours at the standard rate and debit work In process for the standard hours at the actual rate
• D)Credit wages payable for the actual hours at the actual rate and debit work in process for the standard hours at the standard rate

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Definitions:

Reaction Formation

A defense mechanism where an individual unconsciously replaces unacceptable thoughts or feelings with their opposites.

Sublimation

A defense mechanism where socially unacceptable impulses or idealizations are unconsciously transformed into socially acceptable actions or behavior.

Object Relations Theory

A psychoanalytic theory suggesting that relationships and interactions with significant others, especially parents, during infancy shape an individual's personality and relationships in adulthood.

Melanie Klein

A pioneering figure in psychoanalysis, particularly known for her work in child analysis and her theories on the importance of fantasy, play therapy, and the early stages of child development.