True False. QUESTION 36 Normal costing is a costing system that allocates indire

Question

True False. QUESTION 36 Normal costing is a costing system that allocates indirect costs based on the actual indirect-cost rates times the actual quantities of the cost-allocation bases. This statment is O False O True QUESTION 37 costing system, the cost object is masses of identical or similar units of a product or service. This statement is.. O True O False QUESTION 38 Product-cost cross-subsidization is if a company under costs one of its products, it will over cost all of its products. This statement is True O False QUESTION 39 Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Explanation / Answer

36. Answer: False

Under normal costing, the direct costs such as direct materials and direct labor are charged to products at their actual costs however, the indirect costs are charged to products using a predetermined rate. Hence the statement is false.

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