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

question 40

Multiple Choice

When using a standard costing system,which of the following should be recorded to transfer

• A)Debit finished goods for actual cost and credit work in process for actual cost
• B)Debit finished goods for standard cost and credit work in process for standard cost
• C)Debit finished goods for standard cost and credit work in process for actual cost
• D)Debit finished goods for actual cost and credit work in process for standard cost

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Definitions:

Oogenesis

The process of egg formation in the ovaries.

Secondary Spermatocyte

A cell that originates from the division of a primary spermatocyte during spermatogenesis, later undergoing meiosis II to form spermatids.

Spermatid

A haploid male gametid that results from division of secondary spermatocytes and develops into a mature sperm cell.

Chromatids

Each of the two strands of a chromosome that are joined together by a single centromere before cell division occurs.