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:

Instinctive Learning

The process by which innate behaviors are triggered by environmental stimuli without the need for previous experience or learning.

Conceptualization

The process of defining and clarifying ideas or concepts to make them understandable.

Observational Learning

A learning process where individuals learn new behaviors or information by watching others.

Classical Conditioning

A learning process that pairs a natural stimulus with a response until the stimulus alone produces the response.