Question
Q.7 Ch11) In a standard cost system, to record the direct material use in production process, materials inventory account is credited for: Select one: a.
Q.7 Ch11) In a standard cost system, to record the direct material use in production process, materials inventory account is credited for:
Select one:
a. Standard quantity of direct materials allowed for actual production times standard price per material unit
b. Standard quantity of direct materials put into production times actual price per material unit
c. Actual quantity of direct materials put into production times actual price per material unit
d. Actual quantity of direct materials used for production times standard price per material unit
c. budgets are a total amount and standards are a unit amount.
d. budgets but not standards may be recorded in the companys information system.
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