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Required: Considering the Conduct of Cost Accountants, how would you respond to Ruth's request? ...

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Accounting

Required: Considering the Conduct of Cost Accountants, how would you respond to Ruth's request?

1. What is responsibility accounting? Compare and contrast financial-based responsibility accounting with activity-based responsibility accounting.

2. Why should predetermined overhead rates be used instead of actual rate? Justify your views with logical arguments.

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