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:

Administration Rate

The speed or frequency at which a medication or treatment is given to a patient, crucial for effective and safe therapeutic outcomes.

Portion Sizes

The amount of a particular food that is served to one person, intended as a single serving.

Weight Loss Programs

Structured strategies and plans designed to help individuals achieve and maintain a desired weight through diet, exercise, and sometimes medical intervention.

Long-Term Weight Loss

The sustainable reduction in body weight over an extended period, typically involving lifestyle changes such as diet and exercise.