The direct material costing Rs. 4000 has been used in mixing department. The correct journal entry would be

Related MCQs

• The journal entry that assigns raw materials costs in a process costing system includes
• Which of the following is not correct about process costing and job order costing?
• Target costing is a ___________ costing methodology, in which the selling price and the required profit margin are used to determine the allowable cost for manufacturing a new/existing product.
• While preparing the cost of production report of a processing department, use per unit cost from producing department needs to be adjusted when the
• In process costing the abnormal loss occurred in a production department is
• The main difference (or differences) between how traditional costing and activity based costing treat indirect manufacturing costs is (are) that
• Which is not a similarity between job order costing and process costing?
• Which of the following characteristics is relevant to process costing but not to job order costing?
• _________ Costing Also known as delayed costing,
• Which of the following is not an argument for using a separate stand alone system for activity based costing, i.e., rather than integrating ABC with the general ledger system used for GAAP?