Multiple Choice
When using a normal costing system
A) Direct material and direct labor are recorded at standard cost and overhead is applied to products using a predetermined overhead rate.
B) Direct material and direct labor are recorded at actual cost and overhead is treated as a period cost.
C) Direct material and direct labor are recorded at actual cost and overhead is applied to products using a predetermined overhead rate.
D) Direct material and direct labor are recorded at standard cost and overhead is treated as a period cost.
Correct Answer:
Verified
Correct Answer:
Verified
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