The Statement Concerning Actual and Normal Costing That Is True

question 20

Multiple Choice

The statement concerning actual and normal costing that is true is:

• A) Actual costing is carried out at the beginning of the accounting period
• B) Information from normal costing is used for pricing purposes
• C) Under actual costing direct labour is traced to a job and under normal costing it is allocated
• D) All of the statements are true

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Definitions:

Classical Conditioning

A training approach involving the regular pairing of two cues, where a response originally provoked by the second cue becomes triggered by only the first cue over time.

Instrumental Learning

A learning process that uses rewards and punishments to promote or discourage a behavior, also known as operant conditioning.

Observational Learning

A learning process where an individual acquires new behaviors by watching and imitating others.

Habituation

the process by which an organism decreases or ceases its response to a stimulus after repeated or prolonged exposure.