Which of the Following Statements About Normal Costing Is TRUE

question 113

Multiple Choice

Which of the following statements about normal costing is TRUE?

• A)Direct costs and indirect costs are traced using an actual rate.
• B)Direct costs are traced using a budgeted rate,and indirect costs are allocated using an actual rate.
• C)Direct costs are traced using an actual rate,and indirect costs are allocated using a budgeted rate.
• D)Direct costs and indirect costs are traced using budgeted rates.

---

Definitions:

Meeting Minutes

A written record of the main points and decisions made during a meeting.

Verify Impressions

The act of confirming or validating initial perceptions or judgments.

Telepresence

Technology that allows a person to feel as if they are present, to give the appearance of being present, or to have an effect, via telerobotics, at a place other than their true location.

Feedback

Information provided regarding aspects of one’s performance or understanding, intended to guide future improvements.