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Author Question: Which of the following statements about actual costing is true? (Read 49 times)

anjilletteb

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Question 1

When using a normal costing system, manufacturing overhead is allocated using the ________ manufacturing overhead rate and the ________ quantity of the allocation base.
◦ budgeted; actual
◦ budgeted; budgeted
◦ actual; budgeted
◦ actual; actual

Question 2

Which of the following statements about actual costing is true?
◦ Manufacturing costs of a job are available earlier under actual costing.
◦ Corrective actions can be implemented sooner under actual costing.
◦ Actual costing uses budgeted indirect-cost rates calculated annually.
◦ Actual costing uses actual indirect-cost rates calculated annually.


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Marked as best answer by anjilletteb on Mar 6, 2021

SAUXC

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anjilletteb

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review


amynguyen1221

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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