Which of the Following Costing Systems Assigns Actual Costs of Materials

question 96

Multiple Choice

Which of the following costing systems assigns actual costs of materials to inventory?

• A)actual costing system
• B)normal costing system
• C)standard costing system
• D)both a and b

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Definitions:

Childhood Poverty

Childhood poverty refers to the state of children living below the poverty line, affecting their well-being, education, and development.

Cost

The value of resources spent or forgone to achieve a particular objective or acquire an item or service.

United States

A federal republic located primarily in North America, consisting of 50 states, a federal district, and various territories.

Achieved Ethnic Identity

The stage in identity development in which an individual has explored and fully understands their ethnic background, leading to a sense of belonging and acceptance.