What Journal Entry Is Made in a Job-Order Costing System

question 132

Multiple Choice

What journal entry is made in a job-order costing system when $8,000 of materials are requisitioned for general factory use instead of for use in a particular job?

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Utility Function

A mathematical representation of a consumer's preference system, ranking different bundles of goods and services by their levels of satisfaction.

Indifference Curve

A graph that represents different bundles of goods among which a consumer is indifferent, showing levels of consumption where the consumer has no preference for one combination over another.

Apples And Bananas

Commonly used examples in economics to represent two different goods in various economic models and theories.

Utility Function

A mathematical representation of how a set of goods and services are ranked according to their utility, or satisfaction, to the consumer.