Which of the Following Costing Systems Allows Management to Quickly $\text {\underline{ Actual Cost System.} }$

question 123

Multiple Choice

Which of the following costing systems allows management to quickly recognize materials,labor,and overhead variances and take measures to correct them?
$\text {\underline{ Actual Cost System.} }$              $\text {\underline{ Normal CostSystem} }$

• A)yes yes
• B)yes no
• C)no yes
• D)no no

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Definitions:

Cognitive Development

The method through which people interpret, contemplate, and comprehend their environment by the interplay and impact of inherited and acquired elements.

Tertiary Circular Reactions

Repetitive behaviors in infants aimed at exploring and mastering new abilities and understanding the outcome of actions.

Imitation Reflex

An innate tendency of infants to mimic gestures or facial expressions as a fundamental learning process.

Mirror Neurons

Neurons that fire both when an individual performs an action and when they observe the same action performed by another, thought to be the basis of empathy and learning through imitation.