Which of the following statements is true of a normal costing system? a. It predetermines the overhead costs for product costing. b. It assigns standard costs to direct materials and direct labor. c. It assigns the actual costs of all three manufacturing inputs to products. d. It assigns direct materials at a budgeted rate for product costing. e. All of these choices are correct.

As more people migrated west during the gold rush, what do you think happened to the demand curve in most western markets, holding all else constant? a. there was no shift, nor any increase or decrease in quantity demanded. b. there was no shift, but there was a decrease in quantity demanded. c. the demand curve shifted to the left. d. the demand curve shifted to the right. e. there was no shift, but there was an increase in quantity demanded.