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  3. Study Set
    Cost Accounting Study Set 2
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    Exam 2: Different Costs for Different Purposes
  5. Question
    An Actual Cost Is the Cost Incurred (A Historical or Past
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An Actual Cost Is the Cost Incurred (A Historical or Past

Question 3

Question 3

True/False

An actual cost is the cost incurred (a historical or past cost),as distinguished from a budgeted cost,which is a predicted or forecasted cost (a future cost).

Correct Answer:

verifed

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