Which of the following is not true regarding normal costing systems?
A) A normal costing system predetermines overhead costs.
B) A normal costing system assigns direct materials and direct labor to products using a predetermined rate.
C) In a normal costing system overhead is assigned using a budgeted rate and actual activity.
D) A normal costing system has less capacity for control than a standard costing system.
E) All of these statements are true.
B
You might also like to view...
"To be the world's best quick-service restaurant" is an example of a(n) ________.
A. organizational charter B. code of ethics C. mission statement D. vision statement
Which of the following is NOT a true statement about the implementation stage?
A. It involves putting the program into operation. B. It requires coordination of action and communication strategies and tactics. C. It is the third step in the public relations strategic planning process. D. It requires lots of time, effort, and money. E. It comes after the planning and programming stage.
An increasing percentage of turkeys are now being marketed as free range. Consumers typically pay $1 more per pound for free-range turkeys, which are thought to have lived more humane or avian lives - and as a result, to taste better than conventionally-raised turkeys. The USDA defines a free-range bird as one that has been allowed access to the out-of-doors. Are turkey growers who allow their birds to access the out-of-doors only moments before they are killed acting socially responsible?
What will be an ideal response?
An entity with two multivalued attributes will be mapped as how many relations?
A) 1 B) 2 C) 3 D) 4