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Asked: 2022-04-13T05:54:53+00:00 In:

The assignment of direct and indirect materials to a cost object reduces the

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The assignment of direct and indirect materials to a cost object reduces the:

A.manufacturing overhead account.

B.raw materials inventory account.

C.work in process inventory account.

D.finished goods inventory account.

Choose the correct answer.

♦ Relevant knowledge
Direct Materials are the components employed in the production process that can be traced directly. Indirect Materials are materials that are used to create the product, but are not directly traceable. Indirect Materials are billed as Overhead after use.

 

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2 Answers

  1. Best Answer
    Expert

    The correct answer is B: raw materials inventory account.

    It reduces the Raw Materials Inventory Account by assigning direct and indirect materials as cost objects. The raw material inventory is used to record direct and indirect material receipts and issues.

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  2. Option – ‘B’

    It reduces the Raw Materials Inventory Account. by assigning direct and indirect materials as cost objects. The raw material inventory is used to record direct and indirect material receipts and issues.

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