Answered

Connect with a knowledgeable community and get your questions answered on IDNLearn.com. Our community is here to provide detailed and trustworthy answers to any questions you may have.

A costing system that uses actual costs for direct materials and labor and predetermined overhead rates to apply overhead is called a(n)

Sagot :

Answer: normal costing system

Explanation:

A costing system which uses the actual costs for direct materials and the labor and predetermined overhead rates to apply overhead is referred to as the normal costing system.

Normal costing system is the cost allocation method whereby cost is assigned to products which are based on the labor, materials, and the overhead which are used in their production.

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. Discover the answers you need at IDNLearn.com. Thanks for visiting, and come back soon for more valuable insights.