A Normal Absorption Costing System Charges Work in Process With

question 72

Multiple Choice

A normal absorption costing system charges work in process with:

• A) actual prime costs and actual overhead costs.
• B) applied prime costs and all overhead costs using a budgeted rate.
• C) actual prime costs and all overhead costs using a budgeted rate.
• D) applied direct materials and all conversion costs using a budgeted rate.

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