Royce Company manufactures chocolate bars. The following were among Royce's 2013 manufacturing costs: Royce's 2013 direct labor costs amounted to: $355,000 $290,000 $155,000 $200,000 What type of cost is composed of actual direct material and labor cost plus overhead applied using a predetermined rate and an actual allocation base? Actual Normal Real None of the above Total costs to be accounted for include: The manufacturing costs added this period only Costs associated with beginning work in process plus current period costs Costs associated with beginning work in process plus the manufacturing costs added this period and the costs associated with the ending work in process None of the above Which of the following statements regarding similarities between process costing and job-order costing are true? Both systems assign production costs to units of output. Both systems require extensive knowledge of financial accounting The flow of costs through the manufacturing accounts is essentially the same 1. 1 & 2 1&3 3