Which of the Following Statements Is Correct

question 33

Multiple Choice

Which of the following statements is correct?

• A)Both actual costing and normal costing systems trace direct costs to a cost object by using actual cost data.
• B)An actual costing system is timelier than a normal costing system.
• C)An actual costing system is less accurate than a normal costing system.
• D)Both actual costing and normal costing systems will result in the same total cost of production per unit at all points in the production process.

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Definitions:

Voucher System

A control mechanism in accounting where vouchers are used to authorize the disbursement of cash and record financial transactions.