Question: A normal costing system uses actual costs for direct materials and direct labor, and: Actual costs for factory overhead. Estimated factory overhead costs based on

A normal costing system uses actual costs for direct materials and direct labor, and:

Actual costs for factory overhead.

Estimated factory overhead costs based on material cost.

Estimated costs that the firm should attain.

Estimated costs for factory overhead.

Charges actual factory overhead as a lump sum.

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