Normal Costing Uses

question 26

Multiple Choice

Normal costing uses

• A)actual costs for direct materials, direct labour and variable and fixed overhead.
• B)actual costs for direct materials, and direct labour, and a predetermined overhead rate for allocating variable and fixed overhead costs to production units.
• C)actual costs for direct materials, direct labour and variable overhead, and a predetermined overhead rate for fixed overhead.
• D)variable costing for direct materials, direct labour and variable overhead and a predetermined overhead rate for fixed overhead.

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Definitions:

Gilded Age

A period in late 19th-century America characterized by rapid economic growth, industrialization, and a marked disparity between rich and poor.

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Disputes between employers and employees or between different groups of workers, often regarding working conditions, wages, and union representation.

Radical Left

Political movement that advocates for drastic changes to the social, economic, or political order, often focusing on ideas of socialism, communism, or anarchism.

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An extreme right-wing ideology that promotes authoritarian nationalism with a focus on dictatorial leadership, the aggressive silencing of any opposition, and strict control over society and the economy.