In both actual and normal costing the actual cost of direct materials and direct labour is recorded.
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Q31: When raw materials are purchased the raw
Q32: The assignment of overhead to individual jobs
Q33: Over applied overhead is always material and
Q34: The overhead control account records the actual
Q35: The cost pools used in process costing
Q37: In normal costing overhead is allocated using
Q38: If the amount of over or under
Q39: The accounting method for assigning production costs
Q40: Under applied overhead occurs when actual costs
Q41: FIFO assumes that the units in beginning
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