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Which of the Following Statements Is True of a Normal

Question 48

Multiple Choice

Which of the following statements is true of a normal costing system?


A) It predetermines the overhead costs for product costing.
B) It assigns standard costs to direct materials and direct labor.
C) It assigns direct materials at a budgeted rate for product costing.
D) It assigns the actual costs of all three manufacturing inputs to products.
E) All of these are correct.

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