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Which is false regarding normal costing systems

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Reference no: EM132548864

Question 1: Which of the following is false regarding normal costing systems?

Group of answer choices

Option 1: Unlike actual costing, a normal costing system assigns direct materials and labor costs to products using normal estimated costs.

Option 2: In a normal costing system, overhead is assigned using a predetermined overhead rate multiplied by an actual activity.

Option 3: A normal costing system estimates the total overhead cost to be occurred and the total activity to be performed during the period to set a predetermined overhead rate.

Option 4: A normal costing system has less capacity for cost control and management than a standard costing system.

Reference no: EM132548864

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