How Are Costs Assigned in a Standard Cost System

question 14

Multiple Choice

How are costs assigned in a standard cost system?

• A)actual direct materials, actual direct labour, and budgeted manufacturing overhead
• B)actual direct materials, actual direct labour, and actual manufacturing overhead
• C)standard direct materials, standard direct labour, and standard manufacturing overhead
• D)budgeted direct materials, standard direct labour, and standard manufacturing overhead

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Definitions:

Devonian Period

An era known as the "Age of Fishes," characterized by significant evolutionary advancements in fish and the appearance of early amphibians, occurring from approximately 419 to 359 million years ago.

Gnetophytes

A phylum of gymnosperm plants with unique features distinguishing them from other gymnosperms.

Vessel Elements

Components of the xylem tissue in plants, responsible for water transportation throughout the plant.

Angiosperms

A group of plants that have flowers and produce seeds enclosed within a carpel; includes most of the world’s flora.