21 companies typically wait for accurate information regarding actual manufacturing 4309534

21) Companies typically wait for accurate information regarding actual manufacturing overhead costs before pricing a job.

22) The budgeted indirect cost rate is the budgeted indirect costs divided by budgeted quantity of the cost allocation base.

23) Direct costs are traced the same way for actual costing and normal costing.

24) Normal costing assigns indirect costs based on an actual indirect-cost rate.

25) A budgeted indirect-cost rate is computed for each cost pool using budgeted indirect costs and the budgeted quantity of the cost-allocation base.

26) For normal costing, even though the budgeted indirect-cost rate is based on estimates, indirect costs are al