Which of the following statements is true of an actual cost system?

a.It measures costs of direct materials on a predetermined basis and uses actual costs for direct labor and overhead.

b.It measures overhead costs on a predetermined basis and uses actual costs for direct materials and direct labor.

c.It uses predetermined direct materials, direct labor, and overhead costs.

d.It uses predetermined direct materials cost, predetermined direct labor cost, and actual overhead costs.

The cost of goods that have been sold, after an adjustment is made for the period's overhead variance, is called the

a.actual overhead.

b.normal cost of goods sold.

c.adjusted cost of goods sold.

d.finished goods cost flow.