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

question 2

Multiple Choice

When using a standard costing system,which of the following should be recorded when recording the purchase of direct materials?

• A)Debit raw materials inventory at the standard price and credit accounts payable at the standard price
• B)Debit raw materials inventory at the standard price and credit accounts payable at the actual price with a debit or credit to direct materials price variance
• C)Credit raw materials inventory at the standard price and debit accounts payable at the actual price with a debit or credit to direct materials price variance
• D)Credit raw materials inventory at the standard price and debit accounts payable at the standard price

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Definitions:

Social Information-Processing

The theory that people need time to process and interpret social cues when interacting, especially in online communication, affecting relationships and communication efficiency.

Emotional Messages

Communications that convey feelings, moods, or attitudes, often influencing the emotional state of others.

Electronic Means

Utilizing electronic devices or platforms, such as computers or the internet, for communication, transactions, or other forms of interaction.

Nasal Rendition

This refers to a specific way of producing sounds or singing where the voice is notably nasally, often perceived as less pleasing to the ear.