When Using a Standard Costing System,at the End of an Accounting

question 10

Multiple Choice

When using a standard costing system,at the end of an accounting period,the balances in which of the following accounts will be at standard amounts?

• A)Raw materials inventory and Work in process only
• B)Cost of goods sold only
• C)Finished goods and cost of goods sold only
• D)Raw materials,Work in process,Finished goods,and Cost of goods sold

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Definitions:

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The process of running malicious software on a computer system with the intent to cause harm.

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The unwanted action of downloading software designed to harm or exploit any programmable device, service, or network.

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A security feature that allows an administrator or user to remotely block access to a system or device.

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