In a normal cost system,which of the following is used? Actual direct materials Actual direct labor Actual overhead A)yes no yes B)yes yes yes C)yes yes no D)no yes no

Question

Quizplus · Accepted Answer

In a normal cost system, actual costs are recorded and compared to predetermined standard costs. Therefore, both actual and predetermined costs are used in this system. However, overhead costs are allocated based on predetermined rates, rather than actual costs, so the answer is "yes yes no".

In a Normal Cost System,which of the Following Is Used