In a Job Costing System the Accounting Entry to Record

question 4

Multiple Choice

In a job costing system the accounting entry to record the purchase of direct materials is:

• A) debit to raw materials inventory; credit to work in process
• B) debit to raw materials inventory; credit to accounts payable
• C) debit to work in process; credit to overhead control account
• D) debit to work in process; credit to bank

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Definitions:

Marginal Benefit

The added utility or joy gained by consuming an extra unit of a product or service.

Isometric

Pertaining to exercises or muscle actions where the muscle length does not change during contraction, often used for strength training.

Isokinetic

Relating to or denoting muscular action in which the length of the muscle changes at a constant rate while under constant tension.

Anaerobic

Describes processes or organisms that do not require oxygen for growth or survival.