What Is a Characteristic of Normal Costing

question 178

Multiple Choice

What is a characteristic of normal costing?

• A) Predetermined rates are not used to assign overhead.
• B) Actual overhead costs are not assigned directly to jobs.
• C) Applied overhead is not calculated on a job-specific basis.
• D) Plant-wide and departmental rates cannot be used to assign overhead.

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Definitions:

White Collar

A description characterizing lower-level professional and management workers and some highly skilled laborers in technical jobs.

Lower-management

The level of management directly supervising frontline employees, responsible for day-to-day operational decisions and implementing higher management policies.

Socioeconomic Status

An individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Occupational Attainment

The level of achievement an individual has reached in their career, often measured by their job title, status, and income.