The Statement Concerning Actual and Normal Costing That Is True

question 93

Multiple Choice

The statement concerning actual and normal costing that is true is:

• A) Information from normal costing is used for pricing purposes
• B) Actual costing is carried out at the beginning of the accounting period
• C) Under actual costing direct labour is traced to a job and under normal costing it is allocated
• D) Over or under applied overhead does not exist in normal costing.

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