Actual Costing Is a Costing System That Traces Direct Costs

question 119

Multiple Choice

Actual costing is a costing system that traces direct costs to a cost object by ________.

• A) using the budgeted direct cost rates times the budgeted quantities of direct-cost inputs
• B) using the actual direct costs rates times the budgeted quantities of the direct-cost inputs
• C) using the actual direct cost rates times the actual quantities of the direct-cost inputs
• D) using the budgeted direct cost rates times the actual quantities of the direct cost inputs

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Definitions:

Parties

Entities or individuals involved in a legal proceeding, agreement, or social gathering.

Motivate Employees

The process of inspiring staff to perform their jobs with enthusiasm, commitment, and high levels of effort.

Ownership

Refers to the legal rights and responsibilities associated with possessing an asset or property.