An Actual Cost System Differs from a Normal Cost System

question 11

Multiple Choice

An actual cost system differs from a normal cost system in that an actual cost system

• A)assigns overhead as it occurs during the manufacturing cycle.
• B)assigns overhead at the end of the manufacturing process.
• C)does not assign overhead at all.
• D)does not use an Overhead Control account.

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Definitions:

Ex Post Facto

A research design that examines the effects of an independent variable on a dependent variable after the event has occurred.

Random Assignment

A method in experimental design where study participants are allocated to different groups on a random basis to reduce bias.

Experimental

Relating to a controlled study involving variables manipulated to determine cause-and-effect relationships.

Longitudinal

Describes research or analysis that takes place over a long period of time, observing the same subjects to detect changes or developments.