Use the Information Below to Answer the Following Question(s)

question 77

Multiple Choice

Use the information below to answer the following question(s) .
Reynolds Dock Company manufactures boat docks on an assembly line.Its standard costing system utilizes two cost categories;direct materials and conversion costs.Each product must pass through the Assembly Department and the Finishing Department.Direct materials are added at the beginning of the production process.Conversion costs are allocated evenly throughout production.Data for the Assembly Department for October 2016 are:

-Which of the following journal entries properly records direct materials requisitions for the work-in-process inventory and direct materials variances assuming that the Assembly department used 10 percent less materials than expected?

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Definitions:

Standard Deviation

A gauge for the degree of spread or discrepancy in a series of data points.

Real Rate of Return

The rate of return on an investment after adjusting for inflation, representing the actual growth in purchasing power.

Corporate Stocks

Equity stakes in corporations, allowing ownership and potentially receiving dividends.

Treasury Bonds

Long-term investment instruments issued by the government that pay periodic interest until expiration, at which point the face value is paid to the investor.