In a normal costing system, the cost of a job includes
a. actual direct materials, actual direct labor, and estimated (applied) overhead.
b. estimated direct materials, estimated direct labor, and estimated overhead.
c. actual direct materials, actual direct labor, actual overhead, and actual selling cost.
d. actual direct materials, actual direct labor, and actual overhead.
e. none of these. job-order costing requires the use of actual, not normal, costing.

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.