The difference between a standard costing system and a normal costing system is: Select one:...
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Accounting
The difference between a standard costing system and a normal costing system is: Select one: a. In a normal costing system, direct costs are traced to output using standard costs allowed for actual output, while in a standard costing system, actual direct costs are traced to output. cross out b. In a normal costing system, actual overhead costs are allocated to products based on the actual amount of the cost driver, while in a standard costing system, budgeted overhead costs are allocated to products based on the standard amount of the cost driver. Cross out c. In a normal costing system, overhead is allocated using the budgeted rate and the actual amount of the cost driver, while in a standard costing system, overhead is allocated using the budgeted rate and the standard amount of the cost driver allowed for actual output produced. cross out d. There is no difference. Cross out
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