Select all statements that are correct.
Job-order costing systems are used by businesses that produce commodities, largely
undifferentiated products that are mass produced.
Indirect costs are assigned to products by cost tracing, which involves classifying and accumulating
costs.
?In a normal cost system, indirect manufacturing costs are allocated to products using a pre-
determined overhead rate, based on estimated annual overhead costs.
Direct costs are assigned to products by cost tracing.
Actual cost systems assign actual direct costs to products.
Normal cost systems assign actual direct costs to products.
