The Use of Normal Costing with Absorption Costing

question 23

Multiple Choice

The use of normal costing with absorption costing

• A)is used because it is easier than actual costing with absorption costing.
• B)is used because it is more practical than actual costing.
• C)is essentially the same as using actual costing; accountants have created the term for the sake of semantics.
• D)means that only normal costs are used in assigning costs to production; any unexpected costs that occur are immediately expenses as period costs.

---

Definitions:

Evolution

The mechanism by which diverse living entities are considered to have emerged and varied from previous versions throughout Earth's past.

Intelligence Measures

Tools or tests used to evaluate and quantify an individual's intellectual abilities and capacities.

IQ

IQ, or Intelligence Quotient, is a measure of a person's cognitive abilities in relation to their age group, often used to assess intellectual potential.

Family Size

Refers to the number of members in a family, including parents and children, living together in a household.