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Question 3 Not yet answered Marked out of 1 Which one of the following is...

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Accounting

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Question 3 Not yet answered Marked out of 1 Which one of the following is not correct about variable costing systems? Select one: a. Product cost does not include variable selling expenses. b. Normally result into a lower product cost compared to absorption costing systems c. Focuses on variable manufacturing costs only d. Calculate product cost as the sum of directs materials, direct labor and manufacturing overhead costs Clear my chede Question 4 Not yet answered Marked out of 1 Underapplied overhead exists when the amount of overhead applied to jobs during the period is Select one: a. More than the actual direct manufacturing costs incurred during the period. b. Less than the actual direct manufacturing costs incurred during the period. c. Less than the total amount of overhead actually incurred during the period. d. More than the total amount of overhead actually incurred during the period. e. Equal to the total amount of overhead actually incurred during the period

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