For Expenses,the Category of Account and Its Normal Balance Are

question 64

Multiple Choice

For Expenses,the category of account and its normal balance are:

• A)Assets and a debit balance.
• B)Owners' equity and a credit balance.
• C)Liabilities and a credit balance.
• D)Owners' equity and a debit balance.

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Definitions:

Job Cost Sheet

A document or record that tracks the expenses associated with a specific job or project, including materials, labor, and overhead costs.

Job Cost Sheets

Are documents used in cost accounting to record the materials, labor, and overhead costs associated with a specific job or project.

Actual Direct Material

The raw materials physically used in the manufacturing process, measured against the planned or standard materials cost.

Actual Manufacturing Overhead

The real costs incurred during production that are above direct labor and materials, including utilities, depreciation, and maintenance.