Normal costing only includes components such as; the actual cost of materials, the actual cost of labor and manufacturing overhead (or standard overhead rate) .

Therefore, no actual overhead costs are assigned directly to jobs in normal costing.

We may confuse actual overhead costs and standard overhead costs but the difference that we can find between the standard overhead cost and the actual overhead cost is that you can either charge the difference to the cost of goods sold (for smaller variances) or prorate the difference between the cost of goods sold and inventory.

3 0

3 years ago

In what type of economic system are market forces and central planning both present?

earnstyle [38]

Answer:

market economies with elements of planned economies, free markets with state interventionism, or private enterprise with public enterprise.

Explanation:

hope i helped

3 0

3 years ago

Where did Islam establish a presence in Europe during the Middle Ages?

lana [24]

Answer:

Spain had the Moors which were of the Islamic faith

4 0

3 years ago