Multiple Choice
Which of the following statements is not true about the use of a normal costing system?
A) Actual overhead costs are never directly assigned to products.
B) Actual overhead costs never flow directly through the inventory accounts.
C) A normal costing system requires waiting until after a period end to complete the costing for all jobs completed during a period.
D) Individual product costs are usually not adjusted for differences between actual and budgeted costs.
Correct Answer:
Verified
Correct Answer:
Verified
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