In a Normal Costing System, Which of the Following Costs

question 166

Multiple Choice

In a normal costing system, which of the following costs are traced to each job? Direct Materials Direct Labour

• A)Yes Yes
• B)No Yes
• C)No No
• D)Yes No

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Definitions:

Production Budget

An estimate of the total cost of production, including direct labor, materials, and overhead expenses, for a specific period.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, usually for managing liquidity.

Disbursements

Payments made by a business, often related to its operational expenses.

Financing

The process of providing funds for business activities, making purchases, or investing.