Which of the following is a characteristic of normal costing?
A)Actual overhead costs are not assigned directly to jobs.
B)Predetermined rates are not used to assign overhead.
C)Applied overhead is not calculated on a job-specific basis.
D)Plant-wide and departmental rates cannot be used to assign overhead.

Question

Quizplus · Accepted Answer

Normal costing assigns overhead costs to products based on a predetermined rate, rather than using actual overhead costs directly.

Which of the Following Is a Characteristic of Normal Costing