In normal costing the budgeted or standard rate are the same.

Name: In normal costing the budgeted or standard rate are the same.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In normal costing, the budgeted rate is used to estimate the manufacturing overhead costs, while the standard rate is based on the actual costs and activity levels of a given period. However, in some cases, the budgeted and standard rates may be the same if the company has accurately predicted the costs and activity levels for the period.

In Normal Costing the Budgeted or Standard Rate Are the Same