Which of the following types of product costs appear in the financial statements?
A) Normal costs
B) Estimated costs
C) Standard costs
D) Actual costs

Question

Quizplus · Accepted Answer

Actual costs are the only type of costs that appear in the financial statements. Normal costs, estimated costs, and standard costs are all used for budgeting and planning purposes but do not appear in the financial statements.

Which of the Following Types of Product Costs Appear in the Financial