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6) The entry to allocate manufacturing overhead to production involves which of the following? A) Credit to work in process inventory for the standard cost
6) The entry to allocate manufacturing overhead to production involves which of the following? A) Credit to work in process inventory for the standard cost of overhead based on actual production B) Debit to work in process inventory for the actual cost of overhead 9) Debit to work in process inventory for the standard cost of overhead based on actual production D) Credit to work in process inventory for the actual cost of overhead 56) 57) 57) When recording the use of direct materials in the production process, work in process inventory is debited for which of the following? A) Actual quantity times standard cost per pound B) Standard quantity for actual production times actual cost per pound C) Standard quantity for actual production times standard cost per pound D) Actual quantity times actual cost per pound 58) 58) When recording the use of direct materials in the production process, materials inventory is credited for which of the following? A) Standard quantity for actual production times standard cost per pound B) Standard quantity for actual production times actual cost per pound C) Actual quantity times standard cost per pound D) Actual quantity times actual cost per pound 59) On a standard cost income statement, cost of goods sold is shown at which of the following? A) actual cost 59) C) both A and B D) neither A nor B B) standard cost 60) Which of the following is TRUE regarding a standard cost income statement? A) cost of goods sold is shown only at standard cost B) operating income is shown at standard cost C) sales revenue is shown at standard cost D) variances are listed separately 60)
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