Both normal costing and standard costing use actual inputs to assign direct costs to units produced.

Name: Both normal costing and standard costing use actual inputs to assign direct costs to units produced.
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Question

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Normal costing uses actual direct materials and actual direct labor but applies overhead costs based on a predetermined rate, whereas standard costing uses predetermined costs for all elements of production, including direct materials, direct labor, and overhead.

Both Normal Costing and Standard Costing Use Actual Inputs to Assign