Ask Question
BusinessBusiness
3 July, 13:40

Under normal costing, the actual manufacturing overhead costs incurred during the period are added to the work in process account.

+5
Answers (1)
  1. 3 July, 14:10
    0
    I will assume this is a true or false question. The answer is false.

    In the normal costing, the current prices in the market are being used for a direct materials and labor. The overhead rate is only estimated. It uses the estimates of the labor and the material as also the overhead.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Under normal costing, the actual manufacturing overhead costs incurred during the period are added to the work in process account. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
For an organization to grow its market share, it must: a. broaden its mission statement. b. exceed minimum standards of acceptability for its products or services. c. reduce prices. d. advertise using multimedia. e. establish an Internet Web site.
Answers (1)
It was during the market-oriented era that firms first discovered "marketing." In what timeframe did this occur?
Answers (1)
A stock price is currently $40. Over each of the next two three-month periods it is expected to go up by 10% or down by 10% (meaning, precisely, if the stock price at the start of a period is $40, it will go to $40*1.1=$44 or to $40*0.
Answers (1)
Lock Division of Morgantown Corp. sells 80,000 units of part Z-25 to the outside market. Part Z-25 sells for $40, has a variable cost of $22, and a fixed cost per unit of $10. The Lock Division has a capacity to produce 100,000 units per period.
Answers (1)
The ledger of American Company has the following work in process account. Work in Process-Painting 5/1 Balance 3,690 5/31 Transferred out? 5/31 Materials 5,890 5/31 Labor 3,830 5/31 Overhead 1,980 5/31 Balance?
Answers (1)
New Questions in Business
Transfer payments are not included in gdp calculation because these are
Answers (1)
In which year were tobacco commercials banned from network television in the united states?
No Answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group of answer choices a. direct Maggie toward a job with more autonomy. b.
Answers (1)
Consider this argument: "The kidnappers have taken eight people hostage and are holding them at a farmhouse just outside town. If the SWAT team assaults the farmhouse, the hostages could be killed.
Answers (1)
Rent seeking is an attempt to A. use the government for individual benefit at the expense of others. Regulatory capture is an example of this, where a regulatory agency makes decisions benefiting the firm being regulated. B.
Answers (1)
Home » Business » Under normal costing, the actual manufacturing overhead costs incurred during the period are added to the work in process account.
Sign Up Forgot Password?