Question
Which of the following statements is correct? (Choose one) A) Both actual costing and normal costing systems trace direct costs to a cost object by
Which of the following statements is correct? (Choose one)
A) Both actual costing and normal costing systems trace direct costs to a cost object by using actual cost data
B) An actual costing system is less accurate than a normal costing system
C) An actual costing system is timelier than a normal costing system
D) Both actual costing and normal costing systems result in the same total cost of production per unit at all points in the production process
Which of the following are found on a labour time ticket (Choose one)
A) Estimated labour cost total for a job
B) Cost of materials requisitioned for the job
C) Total labour cost to be charged to job for the respective time ticket
D) Total labour cost incurred to date for a job
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