24)Normal costing differs from actual costing in that: 1. Overhead is allocated using an actual overhead rate. 2. Direct materials are allocated using a predetermined rate. 3. Direct labor is allocated using a predetermined rate. 4. Overhead is allocated using a predetermined rate. 5. Direct materials are allocated using an actual rate.

25)For a manufacturing company, insurance on administrative offices would be debited to: 1. insurance expense 2. factory overhead 3. work in process 4. finished goods 5. cost of goods manufactured

26)When there are no work in process inventories: 1. total manufacturing costs incurred equals cost of goods manufactured 2. total manufacturing costs incurred equals cost of goods sold 3. cost of goods manufactured equals cost of goods sold 4. cost of direct materials used equals cost of direct materials purchased 5. cost of goods manufactured equals gross margin